Covid-19: Economic Package Debate

Full Debate: Read Full Debate
Department: HM Treasury

Covid-19: Economic Package

Judith Cummins Excerpts
Tuesday 12th May 2020

(3 years, 11 months ago)

Commons Chamber
Read Full debate Read Hansard Text Read Debate Ministerial Extracts
Lindsay Hoyle Portrait Mr Speaker
- Hansard - - - Excerpts

Order. Unfortunately we have to move on to the next question. I call Judith Cummins.

Judith Cummins Portrait Judith Cummins (Bradford South) (Lab) [V]
- Hansard - -

Has the Treasury made an assessment of how many employers are currently topping up the wages of furloughed workers to full pay? If the Government reduce the amount they are contributing, many employers may struggle to top up wages. What will the Government do if employers cannot top up wages?

Rishi Sunak Portrait Rishi Sunak
- Hansard - - - Excerpts

As well as the furlough scheme, the Government have provided direct cash support to businesses in the form of cash grants or tax cuts, and allowed them to defer taxes such as VAT. We have also provided them with access to discounted and attractive loans to ease cashflow. I believe that in sum that represents a considerable amount of support for business, and we have now stretched and extended the furlough scheme to cover eight months. Sitting alongside the plan that the Prime Minister outlined, that will provide businesses with a generous and sufficient amount of time to help bring their employees back to work. Indeed, they will also benefit from the part-time flexibility to ramp up their operations.