Economic Update Debate

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Department: HM Treasury
Wednesday 8th July 2020

(4 years, 4 months ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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The hon. Member talks about real cash and business rates grants. We have deployed more than £10 billion in cash to local authorities across this country, which has found its way to 800,000-plus businesses, through grants of either £10,000 or £25,000 targeted at businesses in the retail, hospitality and leisure sector. It has been a lifeline for small shops and businesses up and down the country.

Rachel Hopkins Portrait Rachel Hopkins (Luton South) (Lab)
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I am pleased that the Chancellor has spoken about the hospitality and retail sectors, but in my constituency many of those are reliant on passengers going through Luton airport. Until there is targeted support for the aviation industry, those employees will not be supported. Many are young and from BAME backgrounds. Can I be assured that detailed equality impact assessments have been done on all aspects of the plan?

Rishi Sunak Portrait Rishi Sunak
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I have said before that this is a matter of social justice. It is precisely because the people who work in the sectors most affected are disproportionately younger, from BAME communities and women, and on lower pay and often are part time, that we have taken bold and decisive action to help those sectors. Ultimately, we are trying to help those 2 million employed people. The hon. Member is right. It is because of the equalities impact that the moment demands such action.