Economic Situation: Coronavirus:Written question - 43973

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(York Central)
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Asked on: 06 May 2020
Treasury
Economic Situation: Coronavirus
Commons
To ask the Chancellor of the Exchequer, if he will publish a risk analysis of the potential financial effect of easing the covid-19 lockdown on (a) individuals and (b) businesses.
A
Answered by: John Glen
Answered on: 12 May 2020

On 10 May, the Prime Minister set out a conditional plan for reopening certain economic activities, whilst continuing to suppress the outbreak.

Further details on the Government’s COVID-19 recovery strategy can be found at: https://www.gov.uk/government/publications/our-plan-to-rebuild-the-uk-governments-covid-19-recovery-strategy.

We will continue to monitor developments to understand the impacts of COVID-19 on individuals and businesses.

The Government has announced unprecedented support for business and workers to protect them against the current economic emergency including around £300 billion of guarantees – equivalent to approximately 15% of UK GDP.

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