Coronavirus: Supporting Businesses and Individuals

Apsana Begum Excerpts

Tuesday 23rd February 2021 Commons Chamber

[Apsana Begum (Poplar and Limehouse) (Lab) [V]]

Before the pandemic, a decade of austerity left far too many trapped in low-paid, insecure work and consistently failed by the social security system. The failing economic system has been further exposed throughout the coronavirus pandemic, which produced a policy that led to 3 million people being left out of economic support. That is simply unacceptable.

We are at a critical juncture in the pandemic and the Government’s stop-start approach has meant that many businesses are now being forced to make tough decisions about their future. In my constituency, Chrisp Street market, Watney market and surrounding businesses are key to our local economy. Indeed, given the close proximity in which they operate, their sustainability is tied together. Despite that, market traders were slow to receive any support from the Government in the last financial year. To make matters worse, many small and independent businesses could not access grants and relief measures because of the premises criterion, whereby because they did not pay business relief directly, they were left out of support. It took months for the Government to begin to address that.

Conservative Members are quick to claim that every single business has had some form of support in the pandemic, but that is simply not true, and too many have spent 2020 in turmoil. Perhaps the Minister can today outline how markets, traders and small independent businesses will be supported towards long-term and sustainable economic recovery.

Economic measures are vital for businesses, but they are also vital to protect individuals. Under this Government, in the pandemic, unemployment is spiralling out of control. Just today, Office for National Statistics figures confirmed yet again that the economic impact of the pandemic continues to feed on inequality, with people living in more deprived areas experiencing mortality rates more than double those in less deprived areas. Unemployment is higher among ethnic minority communities: 13.8% among black people compared with 4.5% among their white counterparts; and 10.6% for ethnic minority women.

If the Government’s economic support measures are sufficient, why are there such glaring disparities in pandemic unemployment? If the economic measures are so satisfactory, why does there need to be 18 food banks—18—in my borough, trying to keep households afloat with the bare necessities? The answer is simple. The Government’s support measures are insufficient, unfair and inconsistent. At this critical juncture, the Government must do better.