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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The right hon. Member is right to highlight the important work that Leeds council does. Having spent some time there, seeing how they do early intervention in children’s services in particular, I was very impressed when I did the local government job. My right hon. Friend, the Secretary of State for Housing, Communities and Local Government has been engaging extensively with the sector. We have put billions of pounds of incremental support in place. Of course it was going to be difficult—it is difficult for all of us, whether it is business or a local authority—to get through this time, but considerable support has been put in place. In particularly, the announcement last week on a loss-sharing arrangement with central Government for their income and fees and charges is an important step in the right direction.

Kieran Mullan Portrait Dr Kieran Mullan (Crewe and Nantwich) (Con)
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I thank my right hon. Friend for the steps he has announced today, particularly focused on young people, which show yet again that the Conservatives do what works, not just what might sound good, even if it means tough decisions in the short term. Can he confirm that from the support given so far, proportionately the lowest-income families in our society have benefited the most?

Rishi Sunak Portrait Rishi Sunak
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My hon. Friend is absolutely right. The analysis published today shows that we have reduced the scale of losses for working households by up to two-thirds in general, but the support for the poorest households has been the highest. He will find that in the distributional analysis published today. It demonstrates what we believe is important at a time like this—to protect the most vulnerable in our society. I know that is something that he feels very deeply, and I share that feeling.