Economic Outlook and Furlough Scheme Changes

Debate between Jesse Norman and Sara Britcliffe

Tuesday 16th June 2020 Commons Chamber

[Jesse Norman]

The hon. Lady will recall that the topic of the UQ is the job retention scheme and the self-employment scheme, and their relation to the UK economy in the face of covid, and that is what I have focused on. Of course, as a former member of the Treasury Committee myself for five years, I will take its report very seriously, as she suggests. In many ways, it may well be that people will look back on the job retention scheme and conclude, as the shadow Chancellor has, not only that it was considerably better than any possible alternative or inaction, but that it saved an enormous number of jobs.

[Sara Britcliffe (Hyndburn) (Con)]

The figures released last week showed just how much of an impact the Treasury’s measures are having. In Hyndburn and Haslingden 11,200 people benefited from the furlough scheme and 3,300 claims were made under the self-employment income support scheme, saving so many jobs and livelihoods in my constituency. As we begin to reopen our economy, will the Minister assure me that he will continue to support both people and businesses in the difficult months ahead?

[Jesse Norman]

Of course my hon. Friend is right that there will be difficult months ahead. There is no doubt about that. We specifically gave forward guidance on the two schemes in order to give people the reassurance that there would be that tailored support in place for a number of further months, and we will continue to keep the situation under review.