Gavin Newlands
Main Page: Gavin Newlands (Scottish National Party - Paisley and Renfrewshire North)Department Debates - View all Gavin Newlands's debates with the Department for Transport
(4 years, 7 months ago)
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Grant Shapps
My hon. Friend is absolutely right: we are making available a huge amount of support, including things such as the coronavirus large-business scheme—in other words, the coronavirus job-retention furloughing scheme—and various other business-interruption schemes, but it is true to say that airlines and the aviation sector in general are facing a particularly hard time. They were first into this crisis and we think there will be quite a long tail to their coming out of it. I am therefore working closely with my right hon. and hon. Friends in the Department for Work and Pensions to support workers who lose their jobs as well.
Gavin Newlands (Paisley and Renfrewshire North) (SNP) [V]
The Scottish Government have given full business rates relief to the aviation sector; by contrast, the UK Government promised sectoral support for aviation before reneging. Last week, Willie Walsh floundered before the Transport Committee when trying to justify the cull of 12,000 British Airways employees—including many from BA CityFlyer, which is based at Edinburgh—despite having access to €10 billion of liquidity, the vast majority of which was generated by British Airways profits. What are the Government actually doing to prevent tens or even hundreds of thousands of job losses in the sector?
Grant Shapps
Not only do we have the Bank of England scheme, which enables companies that would not ordinarily have the ability to raise money through a paper route; we also have the business interruption loan scheme for different-sized businesses, the time to pay flexibility, financial supports to employees and the VAT deferrals. We also have a special process in place, available only to the aviation sector, so that when it runs out of those other options, it can talk to us about it. That request needs to be made formally in writing to me. I then discuss it with the Treasury, and many aviation-oriented businesses are in the process of doing that.