Daniel Zeichner
Main Page: Daniel Zeichner (Labour - Cambridge)Department Debates - View all Daniel Zeichner's debates with the HM Treasury
(4 years, 2 months ago)
Commons ChamberMy hon. Friend is absolutely right. That is the underlying principle behind furlough—to enable the labour market to bounce back, with jobs in businesses that were viable before the pandemic being able to recover quickly. It is also part of the three-phase strategy that my right hon. Friend the Chancellor has set out. The second phase is to concentrate on skills to create jobs, protect jobs and support jobs, and to enable those workers to come back into the economy and for the economy therefore to recover quicker.
The hon. Gentleman is right to raise ARM, which is obviously a key employer in his constituency. The Government are taking a very close interest in this transaction. It was pleasing to see yesterday that parties close to the transaction said that the headquarters would remain in Cambridge. It is a matter we are engaging very closely on, and I am very happy to engage with him personally on any questions arising from that.