UK Parliament / Open data

Contingencies Fund Bill

Proceeding contribution from Kevin Hollinrake (Conservative) in the House of Commons on Tuesday, 24 March 2020. It occurred during Debate on bills on Contingencies Fund Bill.

Has that not been solved to some extent with the job-retention scheme, because the Government will issue bonds to fund that scheme, they will be bought by asset managers and the QE will buy those assets off the asset managers? That is the circular nature of that scheme. So this time round, as the Prime Minister said a few days ago, the support would be directed at the people, in terms of keeping them in work and in pay, rather than simply funding the banks. To a certain extent, this time QE does support jobs and real people.

About this proceeding contribution

Reference

674 c283 

Session

2019-21

Chamber / Committee

House of Commons chamber
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