Covid-19: Government Transparency and Accountability Debate
Full Debate: Read Full DebateIain Duncan Smith
Main Page: Iain Duncan Smith (Conservative - Chingford and Woodford Green)Department Debates - View all Iain Duncan Smith's debates with the HM Treasury
(3 years, 7 months ago)
Commons ChamberI certainly believe in the vaccine. I am a volunteer on the vaccine programme. There has been a huge effort by science, by manufacturers, by our healthcare services and by the army of volunteers who are not just helping to put the vaccine into people’s arms but directing traffic and doing a whole raft of other things. The vaccine is critical to our having the confidence to unlock, and I encourage everyone to come forward to get it. My hon. Friend is right to say that this is not just about the ability of people to trade; it is also about the chilling factor, particularly in sectors such as the wedding sector, where we need not just to get people back trading but to give people confidence that they will be able to have those events. I can reassure him that that is very much our focus, and we hope to be able to say more on that as we progress through the road map.
Will my right hon. Friend give way?
I will take just one more intervention, because I know we are short of time.
There is a very specific reason why many of these outside events will not take place this summer. It is because they cannot get commercial insurance. The insurers simply do not believe that they can take the Government’s word on trust. There has to be sharing of risk, but the Government have dragged their feet for weeks and unless they make a decision now, we will lose July. If they do not make a decision before May, we will lose August, and so on. This has to happen now, because these events are worth at least £2 billion a month.
I am glad I took my right hon. Friend’s intervention. If the Government have a role in this, it is to create a situation where it becomes possible for the insurance sector to provide products.