Desmond Swayne
Main Page: Desmond Swayne (Conservative - New Forest West)Department Debates - View all Desmond Swayne's debates with the HM Treasury
Economic Update
Desmond Swayne Excerpts(4 years, 8 months ago)
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Rishi Sunak
The hon. Gentleman makes an excellent point. Our ambition is for the criteria to be as flexible and generous as possible. The basic point will be to ensure that a business was sensible and well-traded before coming into the crisis that it now faces. As long as that is the case, the loans should be able to be provided through the banks on the ground, with our guarantee standing behind that.
Sir Desmond Swayne (New Forest West) (Con)
Should payment quarterly and in advance be tolerated for commercial lets?
Rishi Sunak
As always, my right hon. Friend makes a pithy point. He is right to highlight the importance of prompt payment, especially during this time. That is why the Government are taking every step we can to be prompt in our payments and urging all other businesses that can do so to do exactly the same.