Covid-19: Economy Update Debate

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Department: HM Treasury

Covid-19: Economy Update

Kerry McCarthy Excerpts
Thursday 22nd October 2020

(3 years, 6 months ago)

Commons Chamber
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Kerry McCarthy Portrait Kerry McCarthy (Bristol East) (Lab)
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Back in March, the Chancellor said that those in the exhibition sector with physical properties and business rates would be eligible for the cash grant, but when they approached their local councils they found out that that was not true and that, because they did not open their premises to the public, they were not eligible. Exhibition companies in my constituency have received minimal support and are really struggling, and it looks like conferences and mass events will not go ahead until a vaccine is in place. It might not offer a photo opportunity like being a waiter at Wagamama, but may I urge the Chancellor to meet exhibition companies, including those in my constituency, and hear how much they are suffering?

Rishi Sunak Portrait Rishi Sunak
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The hon. Lady might make disparaging comments about photo opportunities at Wagamama, but that was precisely because that sector employs 2 million people who are disproportionately lower paid, from ethnic minorities, younger and women. It is right that we focus our support on those in the hospitality sector, because they are particularly impacted by the restrictions.

The hon. Lady is right to highlight the plight of those in the events and exhibition industry. I am very sympathetic to that. Those businesses with business premises will receive business rates relief if they are in those categories. Indeed, the categories for the tier 2 grants that we have announced today will include hospitality, leisure and accommodation, under the Valuation Office Agency codes. Exhibition and events spaces are typically included in that, so they will be included in the calculation of the grant value provided to local authorities.