Covid-19: Government Support for Business
Debate between Owen Thompson and John Glen(3 years ago)
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John Glen
What we will do is listen carefully and act appropriately. Just yesterday, we secured this covid additional relief fund to support the supply chain and city centre economies, but I fully recognise that we are in a very difficult and rapidly changing set of circumstances, and it is important that Ministers act and make decisions on the basis of that data and the evidence that is presented to this House.
Owen Thompson (Midlothian) (SNP)
While it is important that we have a swift health response, it is equally important that we have a swift financial response to support that health response in tackling the impact of covid. What steps are being taken to ensure that these decisions are taken quickly? It is not good enough simply to wait until the Chancellor can wake up, whenever that is, in California. When will the Government finally ever do anything to support those who have been excluded from any support at any time throughout this entire pandemic?
John Glen
Clearly we have worked hard throughout to bring customised support to different sectors, with a range of grants, reliefs and direct support through furlough. The Chancellor was very clear from his earliest statements last spring that it would be impossible to protect every single job, but just this week we have seen unemployment at 4.2%, which is obviously considerably better than was anticipated. There is no complacency on behalf of the Treasury or the Chancellor, who is fully engaged in looking at what interventions are appropriate in addition to the comprehensive winter plan, which was laid out in advance to give reassurance over the coming six months. As I have said, circumstances have now changed, and we will need to look very carefully at the implications of that.