Economic Update Debate

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Department: HM Treasury
Wednesday 8th July 2020

(3 years, 10 months ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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I am grateful to my hon. Friend for his support. He is absolutely right. We are approaching a summer unlike any we have ever seen, and it is important that we all enjoy it safely. It will be different, but it is vital for our coastal communities and those used to welcoming visitors from home and abroad that they get to have a proper summer, and we can help collectively by eating out to help out. It is critical to remember that the 2 million people who work in these industries are particularly vulnerable and often are in areas that are not necessarily as resilient as others. They need our support so let us get out there this summer.

Barry Gardiner Portrait Barry Gardiner (Brent North) (Lab)
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The Chancellor has made some excellent announcements, and none more so than to the hospitality sector. The prospect in his May announcement to that sector of grants of up to £25,000 delighted 9,000 hospitality businesses in my borough of Brent. That was the prospect. The reality was very different. His Department released just £3.3 million to Brent, which would have given each of those businesses no more than £366. What can he say to those 9,000 disappointed businesses, and will he back up today’s announcements with real cash this time?

Rishi Sunak Portrait Rishi Sunak
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The hon. Member talks about real cash and business rates grants. We have deployed more than £10 billion in cash to local authorities across this country, which has found its way to 800,000-plus businesses, through grants of either £10,000 or £25,000 targeted at businesses in the retail, hospitality and leisure sector. It has been a lifeline for small shops and businesses up and down the country.