All 1 Debates between John Glen and Holly Mumby-Croft

Oral Answers to Questions

Debate between John Glen and Holly Mumby-Croft
Tuesday 15th September 2020

(3 years, 6 months ago)

Commons Chamber
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Holly Mumby-Croft Portrait Holly Mumby-Croft (Scunthorpe) (Con)
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What fiscal steps his Department is taking to support businesses affected by the covid-19 outbreak.

John Glen Portrait The Economic Secretary to the Treasury (John Glen)
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The Government recognise the extreme disruption that the pandemic has caused businesses, which is why we have delivered a generous and comprehensive package of support, in line with best practices globally, totalling more than £190 billion. That has included grants, loans, the furlough scheme, the self-employment income support scheme, deferred VAT payments, business rate reliefs and protections for commercial tenants.

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Holly Mumby-Croft Portrait Holly Mumby-Croft
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I have been told by businesses in my constituency that the hospitality VAT cut was a lifeline to them and helped them to continue. Will my right hon. Friend consider extending that VAT cut beyond January next year, to help those businesses with that recovery?

John Glen Portrait John Glen
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Clearly, every intervention has a cost, and that measure provided support for 150,000 businesses, protecting 2.4 million jobs. As we approach future fiscal events, all contributions and businesses cases for changes will be looked at carefully by my right hon. Friend the Chancellor. I am sure that he has heard my hon. Friend’s representations today.