Covid-19: Economic Package Debate

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Department: HM Treasury

Covid-19: Economic Package

Ed Davey Excerpts
Tuesday 12th May 2020

(4 years, 7 months ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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Companies in the aviation sector, like all others, can benefit from the considerable range of support measures already announced—indeed, I know that many companies in the sector are benefiting currently from the jobs retention programme. Of course, individual companies have the opportunity to engage with the Government on a bilateral basis, where that is appropriate, but it obviously would not be right for me to comment on those conversations.

Ed Davey Portrait Sir Edward Davey (Kingston and Surbiton) (LD) [V]
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May I give the Chancellor a small birthday present by welcoming the extension of the furlough scheme and the greater flexibility for employees coming off furlough—not least because the Liberal Democrats have been campaigning for an almost identical package? But may I urge him yet again to look at those employees and self-employed who have not been helped at all and are in dire straits—people who have moved jobs, who were not on their employer’s payroll by mid-March? Will he consider the new starter scheme that I proposed in early April? Will he please review his refusal to properly help those self-employed people who operate from limited companies and who have just been cut adrift?

Rishi Sunak Portrait Rishi Sunak
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The self-employment scheme in this country remains one of the most generous and comprehensive anywhere in the world. It was designed to provide support to those people who have a different pattern of working. As I have explained previously to the right hon. Gentleman, there is a difficulty in distinguishing the dividends that company directors earn from the dividends that anyone might earn through earning a passive share portfolio.

I have seen the proposals that the right hon. Gentleman and others have sent. Of course, my team and I have considered and are considering those, but that does not take away from the fact that what has opened this week is a scheme that will support millions of those in self- employment and enable them to receive the same level of support as those in employment, starting with cash coming into their accounts as early as next week.