Christian Wakeford
Main Page: Christian Wakeford (Labour - Bury South)Department Debates - View all Christian Wakeford's debates with the HM Treasury
Oral Answers to Questions
Christian Wakeford Excerpts(3 years, 6 months ago)
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The Financial Secretary to the Treasury (Jesse Norman)
We recognise the concern for the valuable arts sector that the hon. Lady describes, which is why we have put £1.57 billion towards it. As I have said, £330 million of that has been released, and a further release will be made in the next few weeks. That is because we believe in that sector and support those people. Of course, other schemes are already in place—I have highlighted the support for independent production and films, for example—from which those affected can derive benefit.
Christian Wakeford (Bury South) (Con)
The events industry and conference sector have been among the sectors hardest hit by the pandemic outbreak and have been told that they will not be assessed until March 2021. Given that they will have an anticipated 15 months with little to no income, will my right hon. Friend advise what support packages are available to support businesses such as Hirex and Exceed in Radcliffe in my constituency? [907824]
Rishi Sunak
My hon. Friend is absolutely right that there are businesses that are experiencing a difficult time, especially in the sectors he mentioned. Our comprehensive set of interventions, whether loans, grants or business-rates holidays, will all provide help in different ways, but the most important thing that we can all focus on is supressing the spread of the virus and unlocking those parts of our economy that are unable to function. That is the surest and only way, in the long run, to protect the jobs that we all care about.