Covid-19: Northern Ireland Economy

Lord Caine Excerpts

Monday 30th November 2020 Lords Chamber

Asked by

[Lord Caine]

To ask Her Majesty’s Government what assessment they have made of the number of jobs saved in Northern Ireland as a result of the measures they have introduced to deal with the economic consequences of the Covid-19 pandemic.

[Viscount Younger of Leckie (Con)]

My Lords, the UK Government’s unprecedented employment support package has protected an estimated 327,000 jobs—that is, one in four. Government-backed loans worth more than £1.3 billion have been given to more than 35,000 firms since the outbreak. Under the winter economic plan, Northern Ireland businesses will continue to receive the help that they need, including an extension to government schemes—including the furlough scheme and the Self-employment Income Support Scheme—and an extension of VAT reductions for hospitality.

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[Lord Caine (Con)]

My Lords, I thank my noble friend for that reply. Do these figures not underline, yet again, the strength and security that Northern Ireland gains from being an integral part of the United Kingdom—benefits that could not be matched under any other constitutional arrangement? Do they not also underline the fact that all four parts of the United Kingdom are better together? Does my noble friend agree that the Government need to be proactive in selling the economic and other benefits of the union in all parts of the United Kingdom, including Northern Ireland?

[Viscount Younger of Leckie (Con)]

My noble friend is correct in what he says—we strongly believe in upholding the constitutional integrity of the United Kingdom, as he has also said. Our four nations are safer, stronger and more prosperous together. On that note, Northern Ireland benefits from being part of the world’s sixth largest economy, which allows it to benefit from the highest public spending per head: £11,987, which is 21% higher than the UK spends per head.