Economic Update Debate

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Department: HM Treasury
Tuesday 17th March 2020

(4 years, 9 months ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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On the processing of the cash grants, as I have said, my right hon. Friend the Communities Secretary is working on this at pace. It will require local authorities to write to the recipients of small business rate relief to collect their bank details, which they do not hold centrally, so that they can then provide the cash payment, but I can assure the hon. Member that that work is happening at pace.

Mark Pawsey Portrait Mark Pawsey (Rugby) (Con)
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Businesses in the hospitality sector will appreciate the relief the Chancellor has given on business rates and the cash grants, but can I raise the question of suppliers to the sector, many of which have seen their sales fall off a cliff? In particular, there are those with short-dated products, such as Wood Farm micro-brewery in my constituency, which produces an excellent product but has £20,000 of short-dated stock with four weeks’ life left on it, and stands to bear a pretty substantial loss as a consequence. Is there something that can be done to support businesses such as these?

Rishi Sunak Portrait Rishi Sunak
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I thank my hon. Friend for raising that particular case, and I am happy to have a look at it.