Chris Bryant
Main Page: Chris Bryant (Labour - Rhondda and Ogmore)Department Debates - View all Chris Bryant's debates with the HM Treasury
(4 years, 1 month ago)
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Rishi Sunak
My hon. Friend is absolutely right. The self-employed are a part of the entrepreneurial side of our economy that will help to drive our recovery. It is right that they receive support and I am proud that the support we have put in place—over £13 billion benefiting almost 3 million people—is one of the most comprehensive and generous packages of support for the self-employed. Ultimately, however, his last point is the one we should focus on. The best way to help people is to allow them to get on and do the job they love doing, and allow them to trade.
Chris Bryant (Rhondda) (Lab)
I am not going to quibble; I think all of this is good and I am delighted that it is being announced today. However, I just want to say to the Chancellor that some of the measures he has announced apply across the whole of the UK and some apply only in England. That provides a lot of confusion for a lot of ordinary people out in the country who do not watch what we are doing in here every day and do not follow every element of the minutiae. Will he clarify precisely how much of the money he is announcing today is really new money to be spent in England through local authorities on the new business grants in tier 2 areas? How much extra money—I do not want to know about the earlier £14 billion for the devolved nations—because of Barnett consequentials is now coming to Wales?
Rishi Sunak
I thank the hon. Gentleman for his comments. He is right and I can appreciate the confusion. We try to do things on a UK-wide level, but obviously not everything will be on that level. I cannot give him a precise figure, because these are demand-led schemes. What we have tried to do is provide upfront funding guarantees in advance of that demand being drawn down in England and the Barnett consequentials being delivered. We true those up on a regular basis—I am happy to write to him with further details—but we try to provide the funding to Wales, Scotland and Northern Ireland in advance of that demand actually occurring in England. I think that is a better and more generous approach for the devolved nations.