Lockdown: Economic Support Debate

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Department: HM Treasury

Lockdown: Economic Support

Jim Shannon Excerpts
Tuesday 3rd November 2020

(3 years, 8 months ago)

Commons Chamber
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Steve Barclay Portrait Steve Barclay
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I absolutely support my hon. Friend in her desire to see those businesses able to bounce back, which obviously requires us to get the virus rate down. We recognise that restrictions have affected tourism and hospitality businesses in particular, which is why we have put in place additional support. We will continue to look at ways to support those industries, but the key to doing so is to reduce the rate of infection through the measures that the Prime Minister announced yesterday.

Jim Shannon Portrait Jim Shannon (Strangford) (DUP)
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I thank the Minister for all that he has done; it is good to have the help.

Yesterday, the Prime Minister assured me that aid was coming to Northern Ireland businesses whose trade is affected by the lockdown here on the mainland. Will the Minister outline what form the aid will take for suppliers who have to cease operations? We should be ever mindful of the regional differences, with the Northern Ireland circuit break and tiers 1, 2 and 3 here on the mainland. On Thursday night, there will be a total lockdown here, whereas we will come out of the circuit break next week. What help will there be for businesses in Northern Ireland whose supplies travel across the water?

Steve Barclay Portrait Steve Barclay
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The hon. Gentleman is right to talk about the impact on businesses in Northern Ireland and part of that coming through its interconnectivity with the rest of the United Kingdom. As I said in an earlier answer, we will update the Northern Ireland Executive this week on the enhanced Barnett guarantee, but that unprecedented action taken to give an up-front guarantee will enable the Northern Ireland Executive to provide support to businesses. Of course, it will be for them to determine the exact scope of that business support.