Economic Update

Kate Kniveton Excerpts

Monday 11th January 2021 Commons Chamber

[Rishi Sunak]

I am sorry to hear the various examples that the hon. Lady gave. I hope that the Trader Support Service can be of some assistance to her small and medium-sized businesses. We have funded it to the tune of about £200 million to provide support for the change of circumstances, and I know that 25,000 companies have already signed up and are benefiting from quite speedy support. I will of course keep that under review and ensure that it is doing what it needs to do.

[Kate Griffiths (Burton) (Con) [V]]

I thank my right hon. Friend for providing grants of up to £9,000 to businesses forced to close due to the new national restrictions. I know those businesses in retail, hospitality and, in particular, the pub industry in my constituency of Burton and Uttoxeter are grateful for that safety net. Will he continue to review the support available to them to ensure their long-term survival and growth as we come out of the pandemic?

[Rishi Sunak]

I can give my hon. Friend that assurance. Hospitality is such an important sector for our local communities and indeed our national economy. I cannot comment on future Budgets, but I will bear what she says in mind. She can rest assured that I will do what I can to support the hospitality industry and ensure that it can drive our recovery.