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Economic Situation: Portsmouth

Volume 504: debated on Friday 29 January 2010

To ask the Chancellor of the Exchequer what assessment his Department has made of the effect of the recession on the economy in Portsmouth South constituency; and if he will make a statement. (313074)

The Government recognise that the global economic downturn has affected all regions within the UK, including Portsmouth and the wider Hampshire economy. Government Departments and the South East England Development Agency (SEEDA), as the regional development agency in the region, have taken forward a number of initiatives to provide assistance to families and businesses in these difficult times. The Chancellor will provide an update on the state of the economy at a national level in the 2010 Budget report later this year.