All those are now set against the background of an Unprecedented Global Financial Crisis, which will have economic and strategic consequences that are as yet hard to assess.

All those are now set against the background of Unprecedented Global Financial Crisis, which will have economic and strategic consequences that are as yet hard to assess.

We are taking action to give direct support to businesses and to families, and to back up the economy in the face of an Unprecedented Global Financial Crisis.

On the action we are taking in the face of an Unprecedented Global Financial Crisis, in November, in the pre-Budget report, we said we would have a fiscal stimulus to help with investment in housing, in transport and in apprenticeships.

Finally, I welcome the decisive action taken by my right hon. Friends the Chancellor and the Prime Minister, who have guided us through Unprecedented Global Financial Crisis.