Lockdown: Economic Support Debate

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Department: HM Treasury

Lockdown: Economic Support

Eleanor Laing Excerpts
Tuesday 3rd November 2020

(3 years, 8 months ago)

Commons Chamber
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Steve Barclay Portrait Steve Barclay
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That is simply not correct because the Department of Health, to which we have allocated funding for Track and Trace, is subject to managing public money rules in the same way as any other Department. It is subject to the decisions of its accounting officer and its Ministers in the usual way, so the normal managing public money rules would apply.

Eleanor Laing Portrait Madam Deputy Speaker (Dame Eleanor Laing)
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I am terribly sorry, but I missed out the hon. Member for St Ives—Derek Thomas.

Derek Thomas Portrait Derek Thomas (St Ives) (Con)
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Thank you, Madam Deputy Speaker. I hope it is worth waiting for.

Can I thank the Chief Secretary for all that is being done to help my constituents in west Cornwall and on Scilly? One of the great successes of recent years is the job growth across Cornwall, and that is because small businesses have been set up by entrepreneurs—individuals who know they cannot get a big job in big business, because they do not exist in Cornwall, so they have set up their business. The problem is that they are very early in their business, and they are growing, maturing and flourishing, but this year has been a disaster for them. They are at a point now where they just do not know if it is worth continuing, because of his second lockdown being announced, and they just do not know what the future holds. Will the Chief Secretary look very carefully at how we can encourage these people to stick with it, but also look at, as we have discussed already this afternoon many times, the support that is available to these fledgling businesses so they really have the finances to sustain these jobs? We must make sure these businesses can be part of the recovery that we will so badly need next year and beyond.

--- Later in debate ---
Steve Barclay Portrait Steve Barclay
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I know that my right hon. Friend is a strong supporter of the Union and part of the strength of the furlough scheme has been its ability to provide support across the United Kingdom; it is a UK-wide scheme. Thanks to the Treasury’s ability to operate a UK-wide scheme, we have been able to put in place more than £200 billion of support—the comprehensive package that I mentioned a moment ago—which is why it stands international comparison in terms of its scale and speed. That was recognised by the IMF director just last week, and the furlough will continue to be a UK-wide scheme.

Eleanor Laing Portrait Madam Deputy Speaker (Dame Eleanor Laing)
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In order to allow the safe exit of hon. Members participating in this item of business and the safe arrival of those anticipating the next item of business, we will suspend the House for three minutes.