Economic Update

Jason McCartney Excerpts

Monday 11th January 2021 Commons Chamber

[Rishi Sunak]

Rather than me recapping every single thing that we have done, let me say that it is worth bearing it in mind when the hon. Lady talks about 3 million people that for over half of those people self-employment is not the primary source of income; they are not majority self-employed. From memory, the average income from self-employment of those individuals is around £2,000. It is actually the case that many of the other things that we have done will be of more significant support to them. Indeed, the majority of them are actually employed and can benefit from our furlough scheme, so it is not right to say that they have received no support. We have put in place a range of different things, and many people are benefiting from them.

[Jason McCartney (Colne Valley) (Con) [V]]

The hospitality supply chain is crucial to the sector: food and drink producers, dairies, breweries, wholesalers and many more. Will the Chancellor look at extra support for hospitality supply chains, such as with VAT and business rates, so that when the vaccine allows hospitality to reopen again, there is a supply chain there to support them?

[Rishi Sunak]

My hon. Friend is right about the supply chain. He will know that much of the supply chain also supplies the on-premises trade as well as the off-premises, so those businesses will have some trade during this period, but he is right that we must ensure that it is there for the recovery. The supply chain will, of course, benefit from our furlough scheme, which is very comprehensive in its eligibility and very generous. I thank him for his points and will of course bear them in mind.