Oral Answers to Questions

Debate between John Glen and Cat Smith

Monday 18th May 2020 Commons Chamber

[John Glen]

We are looking very carefully at the figures and we publish them on a weekly basis. I am having conversations with banks on a regular basis, and we are having a roundtable this week to monitor progress. We will look to make further interventions should that be necessary, but absolutely it is important that the loans get out quickly, as they have been designed to do.

[Cat Smith (Lancaster and Fleetwood) (Lab)]

What recent discussions he has had with Cabinet colleagues on the number of small companies that pay business rates collectively through landlords that have been able to access cash grants through local authorities during the covid-19 outbreak.

[The Economic Secretary to the Treasury (John Glen)]

The Government have recently allocated up to an additional £617 million to local authorities to enable them to give grants to businesses excluded from existing schemes. That will enable many thousands of businesses in the situation described by the hon. Member to receive cash grants.

[Mr Speaker]

We go over to the wonderful county of Lancashire and Cat Smith.

[Cat Smith [V]]

Will the Minister ask local authorities to report on the extent to which landlords are passing on the grants to tenants, because it is not just in Lancaster and Fleetwood that we are seeing widespread evidence that that is not occurring?

[John Glen]

The hon. Lady makes a reasonable point. We are monitoring the effectiveness of all these schemes, and the way that local authorities are using their discretion in giving out those grants, but this is a matter that we will continue to examine carefully.