Economic Update Debate

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Department: HM Treasury

Economic Update

Lindsay Hoyle Excerpts
Monday 11th January 2021

(3 years, 3 months ago)

Commons Chamber
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Tom Hunt Portrait Tom Hunt (Ipswich) (Con)
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The hospitality sector in Ipswich certainly welcomes the grant support the Chancellor announced last week—that is very welcome—but about a month ago I held a virtual roundtable event for the sector in Ipswich and it was probably one of the most sobering virtual meetings I have taken part in since this pandemic started. It was very sad to hear about the extreme anxiety those in the sector have; they have poured their whole lives into the businesses where they are working and there is still concern even now. So will my right hon. Friend confirm that he will be reflecting on what further support might be provided ahead of the Budget? I am talking specifically about a potential extension of the business rates holiday throughout 2021 and also the support on VAT, because there is light at the end of the tunnel but when we go into that much better place I want to make sure that The Brickmakers Arms, The Kingfisher, the Belstead Arms, Pauls Social Club and the California Social Club, which I am now a member and stakeholder of—I own part of it now that I have become a member—are there with us.

Lindsay Hoyle Portrait Mr Speaker
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Order. It has to be a shorter question. We have put you on early to make sure you can get things mentioned, but you cannot make a speech in a question. I think we more or less have the drift of it.

Rishi Sunak Portrait Rishi Sunak
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My hon. Friend is a fantastic champion for his local hospitality industry, and I very much hope I have a chance to visit the California Social Club in Ipswich at some point in the future. I will bear in mind his suggestions for how we can look at providing further support. This is a vital industry for our local communities and nationally it employs more than 2 million people, and he rightly says that they have borne the brunt of these restrictions and deserve our support as we emerge on the other side.