Economy Update Debate

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Department: HM Treasury

Economy Update

Andrew Selous Excerpts
Wednesday 16th June 2021

(2 years, 10 months ago)

Commons Chamber
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Steve Barclay Portrait Steve Barclay
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Future spending commitments on net zero will be matters for the spending review, but the hon. Gentleman will know well the Prime Minister’s commitment to that agenda and the 10-point plan, as well as the leadership that the UK is providing through COP26. This issue is a key priority of the Prime Minister and the Government as a whole. There is much agreement across the House about the urgency of addressing climate change, but spending decisions on that will be for the spending review.

Andrew Selous Portrait Andrew Selous (South West Bedfordshire) (Con) [V]
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I thank the Chief Secretary to the Treasury for the £352 billion for jobs and businesses. Will he look urgently at sectors such as aviation, travel agents, and the events industry, which cannot currently trade out of the pandemic? For example, Ace Bar Events in Studham has had very little income and no help since the March 2020 £10,000 grant.

Steve Barclay Portrait Steve Barclay
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As my hon. Friend will know, Treasury Ministers and colleagues across the Government are always keen to engage with him on specific sectoral issues. The wider package of support was designed to work across sectors, and in addition to that I also mentioned specific support for the culture and sport sectors, such as the £1.57 billion announced and the further grant of £300 million. More than £11 billion of support has gone to the aviation sector. There are targeted measures of support for specific sectors, but they fit within the wider package of support such as the covid corporate financing facility, grants on research and development, and the furlough package of support.