Spending Review 2020 and OBR Forecast

Christine Jardine Excerpts

Wednesday 25th November 2020 Commons Chamber

[Rishi Sunak]

I am grateful to my hon. Friend for his thoughtful and powerful contribution. I respect what he has to say on aid. He is right about the language that was used. He will know the extraordinary circumstances that this country and this Government are grappling with. In order for us to meet our many other commitments and deliver on the British people’s priorities, we have had to make difficult decisions. Of course, it is something that I regret that we have to do, but I believe it is the right decision so that we can keep delivering on the priorities of the people at what is an enormously challenging time.

I turn briefly to my hon. Friend’s other questions. On local government employees, he will know that those pay levels are not mandated by central Government, and local government will typically make its own decisions. With regard to the social care workforce, which I know he also cares about, he will know that many of those workers are on the national living wage and will benefit from the 2.2% uplift—£345—that we have accepted.

On my hon. Friend’s last point, I can tell him that the Chancellor of the Duchy of Lancaster wrote on behalf of the Government to IPSA in advance of this statement to inform it of the Government’s approach to public sector pay and to ask it to take that into consideration when it decides what it would like to do. Obviously, it is an independent body, but we have expressed our views in the light of the pay policy that we have announced today.

[Christine Jardine (Edinburgh West) (LD) [V]]

I listened intently to the Chancellor, but what I did not hear was enough—enough to protect jobs by extending furlough to the summer, enough for those in the public sector who have endured so much in this crisis and now will have a pay freeze, or enough for those millions of families facing enormous financial hardship because they are excluded. I point out to the Chancellor that they do exist; I can give him plenty of examples of people who phone my office every day in deep distress. Will he, for a minute, pause and put himself in the shoes of those 3 million excluded people, and then tell us why he still finds it acceptable to turn his back on them?

[Rishi Sunak]

I very much hope that the hon. Lady will welcome the £2.4 billion in additional funding that has been provided to the Scottish Government to use as they see fit. Of course, they can use that to support many of the causes that she articulates. In the interests of time, I will not go over the answer I gave to the hon. Member for Glasgow Central (Alison Thewliss), but we have provided comprehensive support to those who are self-employed; between 2.5 million and 3 million people have received £14 billion of support, with more to come. It remains one of the most generous ways to treat the self-employed that I have found anywhere in the world.

Financial Services Bill

Christine Jardine Excerpts

2nd reading & 2nd reading: House of Commons & Programme motion & Programme motion: House of Commons & Ways and Means resolution & Ways and Means resolution: House of Commons
Monday 9th November 2020 Commons Chamber

[Christine Jardine (Edinburgh West) (LD)]

It is a pleasure to follow the hon. Member for West Worcestershire (Harriett Baldwin).  I agree with her that we have seen significant changes in the last few days; historic turning points that for many of us seem like we are beginning, finally, to emerge from a very dark four years, not just for this country, but for the United States and Europe. I agree with the right hon. Member for Wolverhampton South East (Mr McFadden). It was very distracting for five days and I am not quite sure how I am coping now without CNN. It has been so long since I was actually in front of a screen.

In that context, with everything that is happening in the world at the moment, it is difficult to overstate the importance of the Bill, not only to the financial services sector but to our wider economy in this country. As the MP for Edinburgh West, that is particularly significant to my constituents. Edinburgh has the second-largest financial sector in the United Kingdom. Hundreds, if not thousands, of jobs in my constituency are dependent on the Government getting this right—thousands of jobs across the country as well. As we approach at great speed the end of the transition period from our exit from the EU, that becomes increasingly important day on day. I thank the Minister for being so open at his briefing the other night, but there are areas where the Liberal Democrats believe the Bill falls short of what is needed to protect those jobs and the financial sector itself.

The Government claim that the Bill will ensure that the UK maintains its world-leading status as a financial sector. However, I feel that the truth is that because of the Government’s reckless handling of Brexit, the financial services industry now faces unprecedented challenges that the Bill will have to face. For more than two decades, the greatest strength of our financial sector was being at the heart of the EU. That is no longer the case and it leaves in its place the problem of how we protect a market whose capacity is in the UK but whose bulk of custom is in the EU. Banks looking to consolidate may no longer do so in the UK. We have already seen, as was mentioned earlier, that more than £1 trillion—yes, £1 trillion —worth of assets moved to the EU from our sector. Thousands of jobs have gone with them. Barclays’ European investment arm has gone to Dublin. British-registered financial firms will lose the passporting rights that have allowed them to sell funds, debt, advice or insurance to clients across the EU as if we were in the same country.

Positive spin from those on the Government Benches about the Bill will not make up for what we have lost, and stand to lose, from a vital sector of our economy. We have to get it right. More than that, by being intent on breaking international law through the internal market, the Government risk damaging the UK’s standing as a global financial centre by throwing into question our commitment to the rule of law. The now President-elect of the United States is one of those who criticised the Government for the United Kingdom Internal Market Bill. I believe that the Financial Services Bill falls short of what the sector needs, particularly in three crucial areas on which my party intends to bring forward amendments in Committee.

On green finance, for example, although we had the welcome statement from the Chancellor today, we believe that the Bill requires some form of provision—more provision than we have heard—to take potential environmental impacts into account. The Chancellor’s earlier statement was welcome, but I do not believe it is accurate to say that we are leading the world. In fact, I think it is too little and too late. Since the start of the pandemic, our international competitors have announced billions of pounds worth of stimulus to their green economies. Germany has pledged €9 billion. France will spend €8 billion on electric vehicle charging. China has also pledged. We are acting too late. If the Conservative Government are committed to green finance, we have to acknowledge that selling off the Green Investment Bank in Edinburgh in 2017—the Liberal Democrats, as part of the coalition, were instrumental in setting it up—was a mistake. It was the first bank of its kind globally and would have been crucial at this stage in the development of our financial sector.

Indebted households across the UK will also need relief measures of some sort to support them through the hell that covid-19 has been and continues to be. Like every other Member, I am sure, I get calls every day, a huge proportion of them from people who have been left behind—people the Government have completely excluded from support. The Bill needs to recognise the scale of that problem and do more to protect them and those in other households who now find themselves in deep financial hardship. Specifically, we need breathing space. A moratorium period and a statutory debt repayment plan are welcome steps, but they were designed for the pre-covid world. Surely they need to be addressed now that that more households are in more debt and we have a different situation ahead. We want the Chancellor to amend the Bill to extend the 60-day breathing space period and to improve access to debt advice services.

I agree with the Opposition spokesman, the right hon. Member for Wolverhampton South East, that money laundering will in future be a serious problem for this country. It needs to be addressed.

We are at a crossroads in many sectors of our economy, but financial services more than any other sector has been our strength in recent years. We cannot afford to let anything come in the way of that. I hope that in its final form the Bill will protect the sector.

Future of Financial Services

Christine Jardine Excerpts

Monday 9th November 2020 Commons Chamber

[Rishi Sunak]

I think my hon. Friend is absolutely right. The transition to net zero will create enormous economic opportunity for companies large and small, and I know that he will champion his small businesses as they seek to benefit from it and help not just drive our recovery, but create jobs in his local area.

[Christine Jardine (Edinburgh West) (LD)]

The Chancellor mentioned that jobs are leaving London for the rest of the UK. I would point out that jobs are leaving the UK for Europe and assets are leaving at a frightening rate—£1.2 trillion. The announcement about the green gilts is welcome, but again it is too late. We had a Green Investment Bank in this country, and at that point we could claim to be ahead in the fight on climate change. So does the Chancellor appreciate why constituents such as mine in Edinburgh West, the second largest financial sector base in this country, are concerned that this Government simply are not on top of what is happening and up to date with what this country’s economy needs?

[Rishi Sunak]

What the financial services sector needs is a vision for the future that will ensure we remain the most competitive place to do financial services in the world, and the announcements that we have made today will ensure that that becomes a reality.

Economy Update

Christine Jardine Excerpts

Thursday 5th November 2020 Commons Chamber

[Rishi Sunak]

My hon. Friend is absolutely right. It is important for monetary and fiscal policy to be co-ordinated well, as he says, and I am glad that we are achieving that. It is also good to see the Bank of England recognising, as the IMF and the Office for Budget Responsibility have also highlighted, that our interventions in the labour market—our furlough scheme and other measures—have succeeded in suppressing the rise of unemployment. That will remain a single overriding goal: to keep people in work.

[Christine Jardine (Edinburgh West) (LD) [V]]

The Chancellor told us in his statement that people and businesses want to know what comes next and how long we plan to keep the scheme open and on what terms. He said that they want certainty. They certainly do, and that is why businesses and individuals in my constituency and across this country are so tired of this constant chop and change. Will the Chancellor admit that he has to extend the furlough scheme through to the summer, to June 2021, to give those businesses the certainty they need to plan?

[Rishi Sunak]

We have provided that certainty through to the end of the spring, at the same time as saying that we will review the scheme in January to ensure that it is operating well and at that point review the employer contribution. Combined with all the other interventions we have made, I think that that provides the medium-term certainty that businesses need to plan through the winter and beyond.

Lockdown: Economic Support

Christine Jardine Excerpts

Tuesday 3rd November 2020 Commons Chamber

[Christine Jardine (Edinburgh West) (LD) [V]]

Businesses across my constituency and across the country made irreversible decisions last week based on advice from the Government that furlough was going to end on Saturday. They now find themselves in a situation where furlough has been extended, but only for a month, and there is a complete lack of clarity still today about the devolved nations. Will the Chief Secretary please urge the Chancellor to extend furlough through to the spring—covid-19 is not going away at the end of this month—and can he give us a simple, one-word answer? Is furlough going to be available to the devolved nations, or is he going to continue this uncertainty, which is damaging the Union?

[Steve Barclay]

At the risk of repeating myself, I refer the hon. Lady to the reply I gave earlier, but she did make a specific point about those who may have recently been made redundant. [Interruption.] Again, the hon. Member for Glasgow Central (Alison Thewliss) chunters from a sedentary position. The hon. Member for Edinburgh West (Christine Jardine) made a specific point about those recently made redundant and I was just coming on to answer that precise point. Employees notified by real-time information submission to HMRC on or before 30 October are eligible for the furlough extension, but employees employed as of 23 September, which is the day of the job support scheme announcement, and notified to HMRC by RTI on or before that date who have since been made redundant can be re-hired. In answer to the hon. Lady’s question, the timing is important, but the point is that people can be re-hired as part of the furlough extension.

Covid-19: Economy Update

Christine Jardine Excerpts

Thursday 22nd October 2020 Commons Chamber

[Rishi Sunak]

I am happy to tell my hon. Friend that the money provided to Lancashire, as it entered tier 3, for overall business support can be used precisely to help the businesses he rightly mentions that are being affected by the restrictions, even though they are open. That funding is there for the county council and other local authorities to do that. The enhanced generosity of the job support scheme I have announced will go a long way to helping those businesses as well, making it easy and affordable for them to get the wage support they need from the Government to protect as many jobs as possible.

[Christine Jardine (Edinburgh West) (LD)]

While I appreciate yet another partial U-turn from the Chancellor, what the country needs now more than anything is leadership, clarity and confidence that the Government are in control rather than this constant reaction and a patchwork with every hallmark of having been written on the back of a cigarette packet that we are getting from this Government. I plead with the Chancellor to consider going the whole way and keep the job retention scheme going after the end of October, let the devolved nations know what consequentials they will have—they need to plan as well—and give the country what he promised. He said he would do whatever it takes; this is not it.

[Rishi Sunak]

The hon. Lady asks for an extension of the job retention scheme. It is worth drawing her attention to the fact that the employer contribution to the job retention scheme in October is 20%, whereas under the new, more generous, job support scheme it has been reduced to 5%. That is more generous and will protect more jobs and more people’s livelihoods.

Additional Covid-19 Restrictions: Fair Economic Support

Christine Jardine Excerpts

Wednesday 21st October 2020 Commons Chamber

[Christine Jardine (Edinburgh West) (LD)]

I am sure I am not the only person in the House who is suffering from an overwhelming and frustrating sense of déjà vu. Often in this crisis, I feel like a parent dealing with a petulant teenager—it does not matter how often we say it, because even though they know in their heart of hearts that their parents are right, they do not want to admit it. Like that parent of a petulant teenager, the nagging from Opposition Members is because we care. We care about the outcome, and we care about people who are suffering across this country.

We care about businesses such as the long-established recruitment firm in my constituency that came to me because it did not qualify for support, or the company I spoke to this morning that was successful until March and now has to make people redundant—something that would have been unthinkable a year ago. This evening, I will be talking to constituents about how we can save Murrayfield ice rink, one of not only Edinburgh’s but Scotland’s most loved and used facilities. These might all be statistics to the Government; I hope they are not. But behind every single one of these cases are people—employees who are suffering and many self-employed people who have had no income for months.

Minister, this Government have to admit it, and admit it soon: what we saw yesterday in Greater Manchester is not an isolated case. People up and down this country feel abandoned and feel that the Government are not doing enough for them. They want to know why we are letting them down. They have contributed to the economy for years, and now they need something back—where is it? They face unprecedented hardship. That will only continue, and for some it will get worse.

It is an accepted fact in this country, repeated by various Conservative Governments over the years, that small businesses, entrepreneurs and innovators are the backbone of the British economy. Minister, that back is breaking, and it needs this Government’s help. We need them to bring back the original job retention scheme after the end of this month and to keep it going until June next year; to extend the business rates holiday to the end of 2021 to protect the retail, hospitality, leisure and childcare sectors; and to bring in those excluded groups who have nothing.

Einstein said that to do the same thing repeatedly and expect a different result is madness. Well, Minister, I am prepared to indulge in that madness in the hope, which I hope is not a vain one, that the Government will eventually listen to the many voices in this country saying that we need to keep furlough—full furlough, the job retention scheme. We need to support more people. We need our economy to survive this, because without it we are all in deep, deep trouble.

[Madam Deputy Speaker (Dame Eleanor Laing)]

Order. I did not want to interrupt the hon. Lady’s rhetoric, but three times during her speech she addressed the Minister. Yes, I see she gets the point. I make the point so that Members who are new to the House will not think she is correct, and I let her do it three times. The hon. Lady clearly knows, and I hope others will take note, that she should address the Chair.

Black History Month

Christine Jardine Excerpts

Tuesday 20th October 2020 Commons Chamber

[Bim Afolami]

No, no. My broader point is that it is very important that we do not allow the teaching and interpretation of our necessarily complex and diverse, yet brilliant and great British history to become very ideologically divisive. I would therefore reject comments from those who say that somehow we need comprehensively to reframe the entire nature of our history to address what they suggest. I believe that what we need to do—

[Christine Jardine (Edinburgh West) (LD)]

Will the hon. Gentleman give way?

[Tulip Siddiq]

Will the hon. Gentleman give way?

--- Later in debate ---

[Bim Afolami]

Thank you, Mr Deputy Speaker. I like the hon. Lady as well. What she says has a huge amount of truth. Of course there is a difference between people of different backgrounds, and it is in that diversity that we find strength as a country. I accept that I have had advantages that certain white working-class boys or girls may not have had, and I have had advantages that certain black people from working-class backgrounds may also not have had. Of course that is true, but at the same time—and I think this view is shared on both sides of the House; it is not partisan—we need to make sure that everybody can aspire to everything and there are no no-go areas, whatever someone’s race or background. That message of aspiration is one of the key reasons why I became a Conservative.

We have made progress. I do not want to repeat what others have said about where we have fallen short and need to make progress. I look at what my friend the noble Lady Morrissey, has done over the last few years with the 30% Club to get more women into senior positions in big public companies. We should look at that sort of approach and think about how we can increase the number of black people and other minorities in leadership positions.

[Christine Jardine]

Will the hon. Member give way?

[Bim Afolami]

I will continue, because time is short.

That sort of aspiration is important, but the question is often how we get there. As I have said, we need to seek out and identify talent wherever it appears, support people who do not necessarily have the advantages that others have—that is people from all types of background and of all races—and accept the diversity and intersectionality that the Member for Hampstead and Kilburn described. At the same time, we must reject the fundamental principle of identity politics, that we are mostly black, Asian, white—one of those characteristics. We must allow individuality to be the primary focus of how we think about diversity, opportunity, support and aspiration. I reject the idea, for example, that we should have quotas. I believe in targets and help in identifying where people need support.

I see that the hon. Member for Bath (Wera Hobhouse) is on the Liberal Democrat Front Bench. She has not made a speech yet, so I will not criticise her, and I am sure that she will address the point that I am about to make. Liberal Democrats say—and many people in Labour have suggested this in the past—that we should have all-black shortlists, but I reject that approach. Quotas are a bad idea, because that means that everyone else will look at the Minister, or at me, or at my hon. Friend the Member for Windsor and say, “They are only there because of their race.” That is a dangerous thing. We need to recognise the past, welcome our progress and look forward to the future with confidence as a United Kingdom.

[Jeremy Corbyn (Islington North) (Lab)]

Like others, I will to be brief, so that everyone who has applied to speak in the debate is called. It is brilliant that the debate is oversubscribed, because that shows how the debate has developed around the country, as well as the pressure on MPs.

We are in this debate at a time when the Black Lives Matter movement has become big and strong in the United States and around the world. After George Floyd was killed, demonstrations took place, as we know, across the USA and, indeed, across the world. Many people—indigenous people in different parts of the world and minorities all over the world—saw themselves in the treatment of George Floyd at the hands of American police. We would do well to remember that this movement is not going to disappear—it empowers and unites people around the world.

We should approach the debate with a sense of reality. The House of Commons Library has produced an excellent briefing paper, as all its briefing papers are, entitled “Race and Ethnic Disparities”. I urge Members to read it carefully, because it shows the situation in health, education, housing, stop and search, poverty, the criminal justice system and so much else in our society. If someone is young and black, they are more likely to be poor, to be stopped and searched and to underachieve in school; less likely to go to college and even less likely to go to university; and more likely to have a lower life expectancy and lower income in future.

Those are devastating statistics—here, in 2020, all those years after we introduced the first race relations legislation under a Labour Government in the 1960s. We should not be complacent, and this debate—I hope that it will become an annual event—should provide a review of the progress, or not, that has been made in these matters. I urge Members to look carefully at that document.

I have heard the speeches from Government Members, who talk quite reasonably about the huge achievements of individuals who have broken out of the cycle of poverty. For Opposition Members, it is not individuals we want to break out; we want a collective response to develop a system that provides decent education, housing and health opportunities for all, recognising that we have to provide services that deal with the inequalities that people face.

As a councillor in Haringey in the 1970s, it was my honour to chair the community development committee. The successor chair of that committee was my great friend Bernie Grant. We saw in that the way in which we could put public resources into the most disadvantaged communities to empower and strengthen them and help their young people get the same chances as others all across the borough. Our approach on the Labour Benches is essentially a collective one. That is why we founded the national health service. That is why we developed council housing. That is why we developed so many other of our collective services in this country.

This debate takes place not that long after the scandal of the Windrush business hit the headlines and hit this House. It was a deliberately created hostile environment that led to the injustice of the Windrush generation—a generation that came to this country and gave so much in health, in education, in engineering and in so much other work, and helped to improve the living standards of all of us. Ministers should not be unaware of the hurt that is felt among that generation about the way they were treated by that hostile environment.

We should look at the way in which we treat migrants to our society. Why do we have so many people in immigration detention with no charge against them, held effectively in prison with an indeterminate sentence until the Home Office gets round to dealing with their case? We should not be so proud or so complacent about what we do. When we have a Home Secretary who talks about using the Navy to repel desperate asylum seekers and refugees who have risked all to cross the world’s busiest shipping lanes to try to get to a place of safety, can we replace that rhetoric with the principle of humanity and an open heart to people all around this world?

In my constituency, like many others, I do not have to walk very far from my house to find asylum seekers whose process is endlessly lost somewhere in the miasma of the Home Office filing system, with no recourse to public funds, sleeping on the streets, begging and looking for a meal from a church, a synagogue or a mosque in order just to get by. Let us have a sense of reality about what modern Britain is like, and the degree of racism that is still there, sadly, in our society—and the way in which the far right is organising to try to make the situation worse.

We should be full of admiration for those in the black community who have organised themselves, and those in the former colonies who organised to defeat the occupations by Britain, France, Italy, Spain and so many other European colonial powers, and bring about independence. I would like our children in our schools to understand, and see as a central part of the curriculum, the significance of the Pan-African Congress held in 1945 at Chorlton-cum-Hardy town hall in Manchester. It was largely ignored at the time, but the future leaders of many African countries were there at that conference. Indeed, less than 12 years later, Ghana achieved its independence as the first African colony to do so. The generation that came and organised the black community in Britain in the 1950s and ’60s included John La Rose and other great poets from the Caribbean who founded New Beacon Books in my area of London. They did so much to empower and used the work of Claudia Jones and many others in order to give cultural strength and cultural value, through carnival and so much else, to what the Caribbean community were achieving here.

The black self-organisation that was opposed, and then eventually accepted, in the Labour party meant that we had black sections and that my right hon. Friend—my great friend—the Member for Hackney North and Stoke Newington (Ms Abbott) was elected to Parliament in 1987, along with Keith Vaz, Paul Boateng and of course Bernie Grant, so sadly no longer with us. Those people did so much. Others paved the way by going into Parliament, including Dadabhai Naoroji in Finsbury at the turn of the century and, of course, the great Saklatvala in Battersea later on.

We should look at the history that our children learn, and not just in one month of the year. I beg to differ with some of the Members who have spoken already: I do want to see the decolonisation of our history. I want our children to understand how black communities came together—how people stood up against the abuse that colonialism was and is against their lives and brought about independence.

[Christine Jardine]

On that very point, we have talked before about how in so many communities in this country there are statues, streets and so on that are named after slave owners and colonialists. People like me who come from Glasgow are immensely proud that Nelson Mandela Place is named after Nelson Mandela, but we are completely unaware of the history of the names of the other streets around it. That is the sort of thing we need to attack when we look at education and black history.

[Jeremy Corbyn]

Indeed, I love Nelson Mandela Place in Glasgow—it is fantastic. If I may, I would like to convey through the hon. Member my congratulations to the University of Glasgow for recognising that it should repay the compensation money that it was given at the end of the slave trade. The issue of colonial brutality should be taught to our children, as should the way in which the slave trade enriched the already rich in Britain and how some of our biggest companies relied on the slave trade to provide profits from banking and sugar.

Covid-19 Economic Support Package

Christine Jardine Excerpts

Wednesday 14th October 2020 Commons Chamber

[Christine Jardine (Edinburgh West) (LD)]

It is a pleasure to follow the hon. Member for Thirsk and Malton (Kevin Hollinrake). He made some interesting points, although he will not be surprised to hear that I do not agree with most of them.

I am delighted to take part in this important debate, which, regardless of what the Chancellor says, is not about cheap shots and getting at the Government. I believe that all of us in this place are united in our determination to tackle covid-19, and to see the impact on the people’s health minimised, and their businesses and economy prepared for recovery. That is why I wish to make it clear today that the Liberal Democrats support the motion from the Labour party. More than that, we repeat our call for furlough to be extended to June next year. I know that that will cost £10 billion, but it is what the country needs, and it is a drop in the ocean compared with what will have to be spent if we get this wrong. The scheme also needs to be reformed and expanded to include the 3 million people in this country who are still waiting for any help from this Government; that is not good enough.

I also support the Labour party’s call for the Government to take on board the scientific advice and bring forward a two to three-week circuit breaker. I know that the thought of us all having to endure that again is not what any of us wants to hear, and particularly not businesses. My constituents in Edinburgh West, like individuals, companies and families up and down this country, have already endured unimaginable stress about their futures and their health, and some have endured very real hardship.

The situation that we face could have been avoided if this Government had used the summer to create a world-beating test and trace system—not one that they tell us is world-beating, but one that is. I am one of the people that my hon. Friend the Member for North East Fife (Wendy Chamberlain) talked about who jump from one app to the other when they travel. I worry that I may be on the wrong app when I need to be traced; how will they find me? A circuit breaker must be used to ensure that test and trace can and does deliver. The Government also have to provide the support for a sustained and fast economic kickstart when the circuit breaker period is over.

Let us be clear: it is not the virus that is solely responsible or to blame for where we are. It is the Government’s incompetence and inability to use the time they had over the summer effectively. We need a strategy that sets out not only the support available but a plan for recovery—a route map out of this—to provide the certainty that every sector of the economy craves. That brings me back to the extension of furlough. The Chancellor said that we need to take responsibility, and he is right, but the Government are not leading; they are responding. There is no strategy or consistency. There is no improvement. What we have instead is an astonishing chop and change, knee-jerk reaction to support for business.

We were understanding in March—we had not faced this before—but seven months down the line, enough is enough, with 635,000 cases, more than 43,000 deaths and the mourning, the job losses and the suffering that people have already had to face. Unprecedented does not have to mean impossible. The Chancellor asked us to look at the numbers. We learned this week that the economy has grown by less than half the amount expected, and the Bank of England has warned of 3 million unemployed, which will only be exacerbated by leaving the EU without a trade deal. Just in case those on the Government Front Bench think that, because I am Scottish, I am nationalist, I am not. This is not about saying that the Scottish Government are wonderful, because they are not, even though they say so. It is about asking for what the country needs—

Public Health Restrictions: Government Economic Support

Christine Jardine Excerpts

Tuesday 13th October 2020 Commons Chamber

[Steve Barclay]

It is about getting the right balance because, ultimately, the most damaging thing for those pubs in tier 2 would be a further escalation of the virus and a situation in which they faced further restrictions. We have sought to ensure, first, that they can continue trading through tier 2, while having alongside the package of support for jobs, which the Chancellor set out in our winter plan to back those jobs with Government support, as well as a cash flow package. Cash flow will remain a key challenge as we go through the winter crisis, which is why we have such an extensive package supporting cash flow.

[Christine Jardine (Edinburgh West) (LD)]

I am sure the Minister was as concerned as me to hear reports that those people with businesses who take out bounce back loans to help them to follow the Government rules and survive this economic crisis—not just in their interest, but in all our interests—could face action up to and including repossession of their home if they struggle to repay those loans. Will he reassure not just the House, but people across the country, including in my constituency of Edinburgh West, that this Government will not allow that misery to be heaped on the misery already being suffered?

[Steve Barclay]

The very favourable terms of the bounce back loans were designed to deliver with speed. This was an initial challenge of the coronavirus business interruption loan scheme; we received feedback from debate in the House and elsewhere that the speed was not there, so that was part of the design for the bounce back loans. Another part of the design was the Government guarantee to get that credit to people. We have extended access to that scheme and the possible repayment period, so that issue should not be crystallising at this point. Clearly we need to look at the risk with regard to repayments. As I said to the hon. Member for Aberavon (Stephen Kinnock), I am happy to work with colleagues around the House, but the hon. Lady will be well aware of the package of measures that we have put in place to protect people vis-à-vis their mortgage and to protect renters from eviction.