Covid-19: Business

Debate between Lord Sharma and Catherine McKinnell

Tuesday 12th May 2020 Commons Chamber

[Catherine McKinnell (Newcastle upon Tyne North) (Lab) [V]]

Aviation is one of the industries worst hit by this crisis, and it will be some time still before those affected are able to return to work. The Government have also announced new quarantine measures, but with no detail about how they are going to work. In the north-east, we rely on Newcastle International airport as key to our regional economic growth, and we need certainty from Government on the way forward. The extension of the job retention scheme to October is welcome, but will the Government work urgently with aviation to plan a way through the quarantine measures and provide further support, such as business rates relief, for this crucial sector?

[Alok Sharma]

The hon. Lady of course raises an important point. First, may I thank her for acknowledging the welcome extension that the Chancellor has set out for the job retention scheme? She will also know that the Government have put in place a range of other measures to support businesses large and small. There is a corporate finance facility and the coronavirus large business interruption loan scheme run through the British Business Bank. When it comes to the aviation sector, we are of course continuing to have discussions with it, as we do with other sectors, but I would say to her that the primary intention is to provide a broad set of support that everyone across the economy can get access to.