Covid-19: Support for UK Industries DebateFull Debate: Read Full Debate
Munira WilsonMain Page: Munira Wilson (Liberal Democrat) - Twickenham)
I would be happy to take the letter and ensure that the hon. Gentleman gets an appropriate response from the correct Minister.
The importance of this debate is demonstrated by the fact that hundreds of thousands of people signed the petitions. Of course, we are in an unprecedented global crisis, and this Government have provided an unprecedented, wide-ranging level of financial support in response to protect jobs, businesses and incomes across the country. Under the coronavirus job retention scheme, we have supported over 10 million people and at least 1 million businesses. We have supported 2.6 million self-employed people and given out £26 billion in bounce back loans alone, not to mention the support in the form of grants for small businesses and for those in the retail, hospitality and leisure sectors. Given the direct and acute impacts of the covid-19 pandemic on those latter sectors, the Government have also provided a business rates holiday for businesses in retail, hospitality and leisure, so that all eligible businesses will pay no business rates for 12 months. This support is worth almost £10 billion to those businesses.
Several Members, including my right hon. Friend the Member for Chipping Barnet (Theresa Villiers), asked about nurseries. We absolutely recognise the important role that nurseries play in young children’s lives at the very start of their education. Recognising that, we made sure that nurseries were also on the list for the business rate holiday.
On the broader financial package, when it became clear that more help was needed, the Chancellor announced in May that the furlough scheme would continue until the end of October, and in its current form until the end of July, supporting furloughed workers as they gradually return to work.
The Government have provided a wide and unparalleled level of financial support during the pandemic to help workers in every sector and in every region of the UK, but we knew that as we entered lockdown, as part of our battle against this disease we would need a number of targeted interventions to protect jobs and businesses in some of our most beloved and hardest-hit sectors, including those identified in the petitions. We have had a good and thorough debate about those sectors today. Working groups have been set up by various Departments to work on the path to recovery and to identify what further support may be required, and discussions with the Treasury are taking place.