(4 years, 8 months ago)
Commons ChamberI thank my hon. Friend, and I understand his particular concern about Exeter airport. It truly is sad for employees in his constituency, and just to reiterate, we do stand ready to do what we can for those individuals. We are working very hard in my Department, as we have been since the early hours of this morning, with the airlines to make sure that we can fill as many of the routes as possible. Those in the airline sector have been great in coming together and working with us in a very constructive way to deliver on that. I give him my assurances that I will be looking at this in the next days and weeks to make sure that we are able to continue our connectivity.
Giving evidence to the Treasury Committee yesterday, the Governor of the Bank of England said that the effect of coronavirus was likely to be “large”, but “temporary”. Does the Minister agree that if, at this very difficult time, infrastructure that might have survived without the problems caused by coronavirus is actually allowed to go to the wall by the Government, the effect of coronavirus will not be as temporary as the Governor thought?
I thank the hon. Lady, but I would disagree with her: we have not let Flybe go to the wall. However, we are assessing—and, as a responsible Government, we are continuing the preparation for—the wider economic impact of coronavirus. It is a moving picture, and as she would imagine, we are keeping things under close review. The Chancellor has said that if action needs to be taken, he stands ready to do so. We must remember that this was a commercial decision taken by an investor that has been affected by the coronavirus. We understand and are looking at the challenges, and we will continue to work to make sure that the economic prosperity of this country survives.