Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Lucy Powell Excerpts
Tuesday 15th September 2020

(4 years, 2 months ago)

Commons Chamber
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Steve Barclay Portrait Steve Barclay
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The hon. Lady should point out to those same workers that this Government have allocated an unprecedented £4 billion of guaranteed funding to the Welsh Government to enable them to allocate funding under what is a devolved matter. If she is drawing attention to the fact that there is a shortfall in what she feels should be going to care workers in her constituency, she needs to address why more of that £4 billion is not being allocated to care workers in what is a devolved issue.

Lucy Powell Portrait Lucy Powell (Manchester Central) (Lab/Co-op)
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What recent discussions he has had with the Secretary of State for Business, Energy and Industrial Strategy on sectoral support for manufacturers during the covid-19 outbreak.

Kemi Badenoch Portrait The Exchequer Secretary to the Treasury (Kemi Badenoch)
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The manufacturing sector has a key role to play in the Government’s ambitious agenda to build back better, which is why last week I met representatives of the UK’s major manufacturing trade associations to hear their views directly. To support the sector, we continue to provide extensive support for research and development as part of our commitment to increase it, economy-wide, to 2.4% of GDP by 2027.

Lucy Powell Portrait Lucy Powell
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Many of the communities that voted for Conservative MPs for the first time in the recent election rely on our key manufacturing sectors such as aerospace and automotive for jobs. Given that the Government were prepared to create a £3 billion demand stimulus for the housing market, which was not as adversely affected by the pandemic, why will they not do a lot more to protect those jobs and communities with a demand stimulus for aerospace and automotive, which is desperately needed?

Kemi Badenoch Portrait Kemi Badenoch
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The Government are acutely aware of the demands required across various sectors. The hon. Lady mentions the aerospace and automotive sectors, which the Government are supporting with over £8.5 billion through the covid corporate financing facility, grants for research and development, loans and export guarantees expected over the next 18 months. There is also further support in place for the automotive industry through the Budget, in which the Government committed over £1 billion to promote the uptake of ultra-low emissions vehicles, including up to £500 billion to support the roll-out of a superfast charging network. Those amounts will help those various sectors.