Coronavirus: Supporting Businesses and Individuals

Florence Eshalomi Excerpts

Tuesday 23rd February 2021 Commons Chamber

[Florence Eshalomi (Vauxhall) (Lab/Co-op) [V]]

Many businesses in Vauxhall will be feeling cautiously optimistic after hearing yesterday’s plan for reopening the economy. Here in Vauxhall, our economy is dependent on the hospitality, tourism and entertainment sectors, and is supported by many small, independent businesses that provide auxiliary services to residents and the millions of visitors we normally welcome every year. From this afternoon’s contributions, we have heard that this pandemic has created winners and losers. Vauxhall has been hit particularly hard because of the nature of our economy and the supporting workforce. The gradual lifting of restrictions will not see an immediate return to business as usual. It will take time for tourists to come back along the south bank, to Brixton, to Stockwell and to Oval, and for local people to feel 100% comfortable about socialising in public again. But Vauxhall’s businesses do not have time. They are struggling to stay afloat after a year of stop-start lockdowns and gaps in Government support.

As we look ahead to next week’s Budget, I urge the Chancellor not to withdraw support too quickly and not to adopt a one-size-fits-all approach to recovery. It makes no economic sense for businesses to be supported all the way through lockdown only to have that support withdrawn once restrictions are lifted. I call on the Chancellor to make sure that this support is sector-specific and tailored to meet the needs of each and every one of our businesses to ensure that we have a fair and resilient national economic lockdown.