Coronavirus: Employment Support
Debate between John Glen and Peter Aldous(4 years, 1 month ago)
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John Glen
Every day, Ministers across all Departments are working on different aspects of the package. Yesterday my right hon. Friend the Housing, Communities and Local Government Secretary brought forward some measures for renters. We also have the three-month relief for mortgage holders where they need it, and for buy-to-let mortgage holders. There is more work being done urgently to give clarity on the elements that Members of the House are raising, but, as I said earlier, it is a question of making sure that when these measures are announced, they are going to be effective and can be delivered efficiently.
Peter Aldous (Waveney) (Con)
The feedback I am receiving is that many businesses will have difficulty in accessing Government loans because of restrictions they have in granting additional security to a new lender. With that in mind, may I urge the Government to support payroll costs far more directly, as other European Governments are doing? This is the way to avoid large-scale redundancies.
John Glen
My hon. Friend refers to the loans. I was meeting the banks last night to make sure that these loans are accessible. The criteria for issuing them are based on the solvency of businesses prior to this crisis arising. It is absolutely clear that the banks see they have a massive responsibility to make this scheme work. That term sheet is being finalised; it may already have been finalised this morning. The banks are now working on making sure that that will be available through all their call centres and branches. He makes the suggestion of a supplementary measure, and we are looking at these things very carefully.
Oral Answers to Questions
Debate between John Glen and Peter Aldous(4 years, 9 months ago)
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John Glen
Absolutely. We are looking into that. The Payment Systems Regulator, which was set up four years ago, is responsible for overseeing LINK. It has two schemes in place to safeguard access to cash in the most impoverished communities and to ensure that, when an ATM is vulnerable to closure, there is a responsibility to keep it open if constituents would have to go more than 1 km to access cash.
Peter Aldous (Waveney) (Con)
John Glen
I acknowledge the difficult situation that my hon. Friend has in Bungay. The Government-established Payment Systems Regulator is closely monitoring developments in ATM provision and, as I said, there are mechanisms in place to intervene. I am very happy to meet him to discuss the application of those to the situation in Bungay.