Economic Update Debate

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Department: HM Treasury
Wednesday 8th July 2020

(4 years, 4 months ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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I know that this matter is close to my hon. Friend’s heart, and he has brought it up with me before. I would be delighted to give him the time he asks for to discuss this matter further.

Justin Madders Portrait Justin Madders (Ellesmere Port and Neston) (Lab)
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Last week Airbus announced that 1,700 jobs are going in this country. It cannot afford to wait for a bonus payment in January, so what is the Chancellor going to do to save those jobs now?

Rishi Sunak Portrait Rishi Sunak
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I have been very clear: I cannot save every single job. It is a tragic fact that what we have done to our economy over the past few months means that there will be job losses. Unemployment will rise. It is something that we cannot avoid, but what we can do is put in place a range of interventions to provide new hope and new opportunity for those who lose their jobs, so that they can find the skills, work placements or new jobs they need to provide a better future for themselves and their family. That is what we will devote all our energies to in the coming weeks and months.