Fiscal Implications of COVID-19

As an amendment to motion S5M-22033 in the name of Kate Forbes (Fiscal Implications of COVID-19), insert at end "; recognises that economic recovery from COVID-19 will require a very substantial fiscal stimulus package as well as continuation of the job retention scheme in at least some sectors such as the hospitality industry; notes that the need for these further measures is recognised at EU level and regrets that the UK will be unable to participate in the EU’s stimulus package as a result of the UK Government’s choices, and believes that all fiscal interventions to respond to and recover from the COVID-19 pandemic must be designed to build back a better, fairer and more sustainable economy, and that investment in a green economy must be the most urgent priority for all governments, instead of supporting the continuation of exploitative and unsustainable practices.