Economic Update

Lord McLoughlin Excerpts

Tuesday 12th January 2021 Lords Chamber

[Lord Agnew of Oulton (Con) [V]]

The right reverend Prelate asks important questions. I can assure him that very active thinking is going on about how to come out of this awful event as quickly as possible. I will mention one or two examples. The Kickstart scheme is designed to support hundreds of thousands of newly and fully subsidised jobs for young people. By the end of December, 50,000 Kickstart jobs had already been created. Additionally, £2,000 is being paid for each new apprentice taken on. I mentioned in answer to an earlier question our levelling-up commitment and the funds behind that. Those again will go to the regions where some of the most vulnerable people in this country live.

[Lord McLoughlin (Con) [V]]

I much appreciate many of the financial decisions the Government have taken—at very short notice, in some cases. However, will the Government, in future, have more of a mind for those businesses and people who have been most directly affected by the rules and regulations that the Government have—correctly—felt it necessary to put on to businesses, and not give relief right across the board? We have seen some large supermarkets pay back their business rates, but not all of them. That needs now to be addressed in the future, so that help goes to those who have been most directly affected and suffered the most damage. We do not need, as the leader of the Opposition said yesterday, a council tax freeze across the country, which would affect people who have not had any problems as far as the Covid crisis is concerned.

[Lord Agnew of Oulton (Con) [V]]

It is right that we should always aim to get the help to the most vulnerable areas, but there is a trade-off between speed of policy announcement and execution and the complexity of creating the sort of flexibility my noble friend refers to. I take on board his comments on the return of the rate rebate by supermarkets. I think a continued public programme to call out any of the larger supermarkets that have not done that will put pressure on them, as most of us are their customers.