Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Alex Norris Excerpts
Tuesday 26th January 2021

(3 years, 2 months ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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We are doing the technical work required to make sure that the launch of our green gilts is successful. I hope to provide an update at the Budget, but the hon. Lady can rest assured that we are working very hard at it. As I said, this will be the first step in building out a green curve. By doing that and making sure that the curve has fidelity in terms of confidence in where the money is going, we can unlock investment for the private sector across the economy. I know that she will join me in welcoming that progress.

Alex Norris Portrait Alex Norris (Nottingham North) (Lab/Co-op)
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What fiscal steps he is taking to support self-employed people ineligible for the self-employment income support scheme.

Mike Kane Portrait Mike Kane (Wythenshawe and Sale East) (Lab)
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What steps his Department is taking to support the newly self-employed during the covid-19 outbreak.

Jesse Norman Portrait The Financial Secretary to the Treasury (Jesse Norman)
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The self-employment income support scheme was designed to target support at those who most need it while protecting the taxpayer against error, fraud and abuse. The Government recognise that some of the rules and criteria that have been vital to ensuring that the scheme worked for the vast majority have meant that, in some cases, people were not able to qualify. This is one reason why the Government put in place a much wider £280 billion support package, including increased levels of universal credit, bounce back loans, tax, deferrals, rental support, mortgage holidays, self-isolation support payments and other business support grants.

Alex Norris Portrait Alex Norris [V]
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It is understandable that, as support schemes were constructed at short notice, there would be gaps in them. It is less understandable why, a year later, those gaps have not been better closed. Many of my constituents are among the millions who have been excluded from support schemes so far, so, as we approach that anniversary, what message does the Minister have for them?

Jesse Norman Portrait Jesse Norman
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The message would be that the Treasury is doing everything it can to protect jobs, families and livelihoods in the face of the worst pandemic crisis that we have experienced in recorded history. It is important to say that, in the case of this scheme, we have spent considerable time engaging with groups that have brought forward potential ways of addressing some of the gaps in support that may exist. As I mentioned, we have had meetings in December and evaluated suggestions all the way through last year, including a concrete suggestion in relation to the directors income support scheme, so we are heavily leaning into this issue.