Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Jake Berry Excerpts
Tuesday 26th January 2021

(3 years, 3 months ago)

Commons Chamber
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Caroline Ansell Portrait Caroline Ansell (Eastbourne) (Con)
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What fiscal steps his Department is taking to support businesses affected by the covid-19 outbreak.

Jake Berry Portrait Jake Berry (Rossendale and Darwen) (Con)
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What fiscal steps his Department is taking to support businesses in Rossendale and Darwen constituency.

Mary Robinson Portrait Mary Robinson (Cheadle) (Con)
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What fiscal steps his Department is taking to support businesses affected by the covid-19 outbreak.

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Rishi Sunak Portrait Rishi Sunak
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My hon. Friend is rightly a champion for her local tourism and hospitality businesses, and she is not alone; across the country, hundreds of thousands of these businesses employ 2 million people. Those businesses are particularly vital in constituencies such as hers, which is why we reduced the rate of VAT—it runs all the way through to the end of March. She will know that we have an upcoming Budget, where we plan to review all our measures of support.

Jake Berry Portrait Jake Berry [V]
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As you know, Mr Speaker, many of our manufacturers here in Lancashire have worked through the pandemic. Will my right hon. Friend congratulate businesses such as J & J Ormerod plc, James Killelea and Co Ltd, WEC Group and Perspex, who not only have worked through the pandemic, but show that high-value manufacturing and the real economy need to be things the Chancellor fosters and supports in his forthcoming Budget?

Rishi Sunak Portrait Rishi Sunak
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I am very happy to join my right hon. Friend in congratulating the businesses he mentioned. We know that many manufacturers, especially those in his area, have worked very hard, particularly with regard to ventilators and personal protective equipment at a time of this country’s need. He is right to say that that should play a part in our recovery. One initiative I would point to, which I believe will be in and around his area, is the Made Smarter partnership between Government and high-value manufacturing, which seeks to foster innovation, digital adoption and the latest and greatest management processes. It seems to be working very well and I look forward to learning more about that initiative.