Europe

Rishi Sunak set to address MPs about economic plan this afternoon

Rishi Sunak will give an ‘economic update’ to the House of Commons on Monday afternoon.

The Chancellor’s oral statement is set to begin at 3.30pm, on the same afternoon that Health Secretary Matt Hancock is due to hold a press conference on vaccinations.

Britain’s economy has been battered by coronavirus and Mr Sunak has been forced into a series of unprecedented interventions in an effort to reduce the damage.

Today, the Chancellor struck an upbeat tone about the city’s chances of ‘Big Bang 2.0’, as he hit back at criticism of the Brexit trade deal. Discussing the recovery of the financial sector, Mr Sunak told City AM: ‘If you look at the history of the City… it has always constantly innovated, adapted and evolved to changing circumstances and thrived and prospered as a result. And I think it will continue to do that.’ 

It is not clear what Mr Sunak will tell MPs today.

Last month, he extended the Furlough scheme until April as the UK continues to be one of the worst-hit economies amid the Covid-19 crisis.

It comes as Labour leader Sir Keir Starmer called on the Government to put families ‘first’ during the latest lockdown, demanding ministers protect pandemic-hit households budgets from council tax hikes and cuts to Universal Credit.

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