Lockdown: Economic Support Debate

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Department: HM Treasury

Lockdown: Economic Support

Alicia Kearns Excerpts
Tuesday 3rd November 2020

(3 years, 6 months ago)

Commons Chamber
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Steve Barclay Portrait Steve Barclay
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As we referred to earlier, the point is that the package of support includes the £9 billion of welfare measures and the support that is available through local authorities and targeted at their discretion. I have also set out that there are those within that excluded population, for example those who were employed, who may be able to qualify for the extension, but for the reasons that we have covered in a number of earlier replies, part of the challenge from the Public Accounts Committee has been ensuring that we have the right operational controls in place, and that has been one of the difficulties with the cohorts to which the hon. Gentleman refers.

Alicia Kearns Portrait Alicia Kearns (Rutland and Melton) (Con) [V]
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The Government’s bounce back and business interruption loan schemes have made a huge difference across the country, including the £90 million to support businesses in Rutland and Melton. What assessment has the Chief Secretary made regarding the macroeconomic impact of these loan schemes?

Steve Barclay Portrait Steve Barclay
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I very much welcome the impact that the various support measures have had on Rutland and on the businesses in my hon. Friend’s area. As for the impact of the various measures, the Office for Budget Responsibility produces an independent assessment of that, and it will do so on 25 November. That will provide an updated position, addressing the impacts to which she refers.