Economic Update Debate

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Department: HM Treasury

Economic Update

Lord Brady of Altrincham Excerpts
Monday 11th January 2021

(3 years, 10 months ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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We have in fact put in place payments to financially support those who need help when they are asked to stay at home, and they are available up to £500. As we have now reduced over time the period of self-isolation, the real value of those payments has actually increased, in some cases by 20%, 30% or 40%, depending on when people were contacted. More generally, throughout this crisis the Government have always made sure that we look after the most vulnerable. That is clear in the measures that we have taken and clear in the data that was published over the summer showing that those on the lowest incomes have had their situation protected the most by this compassionate Conservative Government.

Lord Brady of Altrincham Portrait Sir Graham Brady (Altrincham and Sale West) (Con)
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In normal times, a successful British aviation sector supports 1 million jobs in this country. Will the Chancellor look urgently at what can be done best to ensure a rapid recovery for the sector heading into the summer? In particular, as he prepares his Budget, will he look at whether it makes sense for us to have one of the highest levels of air passenger duty anywhere in the world?

Rishi Sunak Portrait Rishi Sunak
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I thank my right hon. Friend for his question. He is right to passionately champion both our aviation and aerospace sectors, which are critical to our economy. I am grateful for the help that he gave in helping to design a test-to-release policy for quarantining arrivals, but also in campaigning for business rates relief for airports—up to £8 million per airport, which is benefiting dozens of our regional airports up and down the country. I will bear in mind his suggested measures for forthcoming Budgets, but, like him, I want to see our industry return to its strength.