Covid-19: Economy Update Debate

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Department: HM Treasury

Covid-19: Economy Update

Matt Vickers Excerpts
Thursday 22nd October 2020

(3 years, 6 months ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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The hon. Gentleman makes an important point about the supply chains of those who serve the hospitality industry. I draw his attention to two things. The tier 2 grant programme that I announced today will contain a 5% discretionary top-up, which local authorities can use at their own discretion to support local businesses; they may choose to use some of it to address the needs that he outlines. Also, we have not targeted the enhanced generosity of the job support scheme purely at the hospitality industry, or indeed purely at businesses operating in tier 2 areas, because we recognise the complexity of the supply chains that he mentions. The very generous job support scheme will be available for all businesses in all parts of the country, regardless of sector, which I think will make an enormous difference to the businesses that he mentions.

Matt Vickers Portrait Matt Vickers (Stockton South) (Con)
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They say that good things come in small packages. Well, my right hon. Friend might be small, but he has delivered a huge package of job-saving, business-boosting support that will benefit the people of Stockton South and people right across the country. I thank the myth, the man, the legend who is my right hon. Friend for this life-saving support for businesses in my patch. Will he continue to review and react promptly to the ever-changing situation in his characteristically charismatic way?

Rishi Sunak Portrait Rishi Sunak
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I am very grateful for my hon. Friend’s kind—I think—compliments; he knows that he is a large part of the reason why I am in this House, so he can take as much of the credit or blame for that as is required. I can give him the reassurance that he seeks. I have been delighted to visit his local businesses with him, and I know that he is an enormous champion for his local community, high streets and businesses. He works very hard on their behalf, and I know that the measures that we have announced today will make a difference to him and make sure that his community continues to be a thriving place.