Government's Management of the Economy — 23 Feb 2021 at 15:48

The majority of MPs voted for a new partnership between an active state and enterprising business, to continue a COVID-19 related uplift in Universal Credit, to reverse the public sector worker pay freeze, for extra funding for councils to prevent council tax rises, and to establish a "British Recovery Bond" to enable people to invest via a scheme providing loans to new businesses.

The motion supported by a majority of MPs in this vote was:

• That this House
• believes that the last decade of UK economic policy weakened the foundations of this country’s economy and society, leaving the UK particularly vulnerable when the coronavirus crisis hit;
• further believes that many Government choices and actions during the coronavirus pandemic have exacerbated the problems that pandemic has caused, leading to the UK suffering the worst economic crisis of any major economy;
• calls on the Government, as the UK emerges out of the pandemic, to address the deep inequalities and injustices in this country and take the UK forward to a stronger, more prosperous future through a new partnership between an active state and enterprising business;
• further calls on the Government to protect family finances by reversing the planned £20 cut in Universal Credit, reversing the key worker pay freeze and providing councils with the funding they need to prevent huge rises in council tax; and
• calls on the Government to introduce a new British Recovery Bond to allow people who have accumulated savings during the pandemic to have a proper stake in Britain’s future and to back a new generation of British entrepreneurs by providing start-up loans for 100,000 new businesses.

Debate in Parliament |