Oral Answers to Questions Debate

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Department: HM Treasury
Tuesday 20th October 2020

(3 years, 5 months ago)

Commons Chamber
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Jesse Norman Portrait Jesse Norman
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I salute the hon. Lady’s constituent for setting up a new business and for showing the entrepreneurship and aspiration that characterise British business at its best. As she will be aware, we are engaged in the process of supporting vulnerable businesses and people. In the self-employment area, we are doing that through the extension to the job support scheme. She will know that that forms just one element of a much wider picture, including the loans that she has described, tax deferrals, rental support and increased levels of universal credit.

Meg Hillier Portrait Meg Hillier (Hackney South and Shoreditch) (Lab/Co-op)
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I associate myself with the concerns raised by colleagues cross-party on this issue. It is interesting that every time the Minister comes to the Dispatch Box, he bats off extra support for those people, yet some of them may have qualified for bounce back loans. I am interested to know whether the Treasury knows how many qualified for bounce back loans, because a recent National Audit Office report suggests that the Treasury does not know where the money has gone and what it is being used for, so perhaps he can elucidate.

Jesse Norman Portrait Jesse Norman
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I admire the hon. Lady’s ingenuity in introducing a conversation about bounce back loans to a discussion about the self-employed scheme. The answer is that I do not have the numbers to hand, but of course, if those numbers are available, I will make sure that we write to her with the detail.