Adam Afriyie
Main Page: Adam Afriyie (Conservative - Windsor)Department Debates - View all Adam Afriyie's debates with the HM Treasury
(4 years ago)
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Steve Barclay
The right hon. Gentleman raises a valid and fair point. As I said on my call with the First Minister yesterday, I hope to be in a position to update her this week about the additional Barnett guarantee that we can give. The right hon. Gentleman is right to point to the consequentials that flow from the £1.1 billion of additional local authority funding that the Chancellor set out. He will also have seen, for example, the additional support that the UK Government gave to Transport for London, the rail support measures that we have provided, and so on. Those are the issues on which the Barnett consequentials will be shaped. He is right that it is important for them to have sight of that. That is why we have taken the unprecedented decision to give that up-front guarantee, and I hope to be able to give an update on that later this week.
Adam Afriyie (Windsor) (Con)
My heart is breaking for the once-thriving businesses across the Windsor constituency and the country. I have met owners of pubs, clubs, restaurants, bars, sports venues, salons and retail outlets. They cannot magically become online businesses. I have spoken to business owners who have literally been in tears on the phone and in person when they think about their staff and their livelihoods.
The new proposed lockdown will prove fatal to many such businesses. There are many questions about the strategy, the need for a lockdown and the generous support the Government are trying to give, but I will contain my question to this: how do the Government intend to protect retail businesses that are forced to close from the increasing dominance of online retailers, which often benefit from lower business rates and taxes than their terrestrial partners?
Steve Barclay
My hon. Friend has a deep understanding of business from his career prior to coming to the House. He is absolutely right to talk of the personal consequences, the commitment that people who set up and run businesses have made, and the devastating impact of the virus and its consequences. On the tax position, he will know from his time in the House that those are questions for the Budget and for my right hon Friend the Chancellor.
On the support that has been given to businesses, I direct my hon. Friend to the extension of the loans that we have given to help businesses with their cash flow, which recognises that the biggest cost for many businesses is the fixed cost of their property. That includes the up to £3,000 a month grant for those with rateable values above £51,000 and the support to local authorities, as I referenced in my response to my hon. Friend the Member for Stroud (Siobhan Baillie) a moment ago, for their discretionary support to specific businesses. It is part of that comprehensive package, but he is right to draw attention to the human consequence of those decisions.