Oral Answers to Questions

Owen Thompson Excerpts

Wednesday 2nd September 2020 Commons Chamber

[The Prime Minister]

I thank my hon. Friend, who raises an important point. As he will know, the rules around access to schemes for alternative finance are not the responsibility of my right hon. Friend the Chancellor, but of the Bank of England. I am sure the Governor will have heard my hon. Friend today.

[Owen Thompson (Midlothian) (SNP)]

Over the summer months many people undertake a range of activities. For some it is camping, for others it is festivals and events. In my constituency,we have a number of highly successful employers in audio-visual technology, hospitality and creative industries, none of whom can currently undertake their normal activities. In the face of this, when furlough ends, those companies could face collapse. What should I tell them—that the Government will extend the scheme to ensure that the industry can get back on its feet, or have the Government completely given up on them?

[The Prime Minister]

Not at all. We have supported the arts industry alone with about £1.7 billion of support. In Scotland, as I am sure the hon. Gentleman never tires of saying, the overall support for tackling coronavirus has been in the order of about £4 billion. We will continue to give support, but we happen to think—and I hope it is common ground across the House—that it would be better for the UK economy and better for all the people he rightly cares about to get back into work.