Covid-19: Recovery Strategies

My Lords, the conditions created by the pandemic and the lockdown will probably result in this year representing the largest annual reduction in carbon emissions. The crisis and this result should, with the right approach, enable us to achieve reductions in our emissions to zero by 2050, stimulate the economy and create jobs. The crisis should be a springboard to achieving these objectives. It is anticipated that our GDP will fall by 12.8% and unemployment will be at about 7.3% by the end of 2020. My concern is that there will, in addition, be regional inequalities, which our Prime Minister is keen to level up. Therefore, it is important for us to take appropriate and immediate medium-term measures. During the pandemic, there was a need to spend, spend, spend. Now that we are coming out of the crisis, our motto must be to think green, to achieve growth and to create jobs. I commend the Prime Minister for his commitment to spending £2 billion investing in greener transport, including providing walking and cycling facilities.

We must all ensure that all the BAME communities are fairly treated in all aspects of the country, including the business sector, as part of our future strategy. This is a wake-up call for us to do so. What is the Government’s reaction to the two letters sent to the Prime Minister by 200 business leaders and the Committee on Climate Change, and how are the proposals being considered?

Link to full debate on Hansard. 

Updated: 29/09/2020 — 2:49 PM