Richard Graham
Main Page: Richard Graham (Conservative - Gloucester)Department Debates - View all Richard Graham's debates with the HM Treasury
(4 years, 5 months ago)
Commons ChamberUrgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.
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The hon. Gentleman is perfectly right that we need a comprehensive package that deals with businesses, the voluntary sector and individual employees of different categories. We are looking very carefully at the best way to do that, in addition to the significant package of measures we have introduced. I feel his frustration and I will take all these points back and make sure that they are addressed.
The greatest difficulty for the Government in this fast-deteriorating situation of no one’s making is the speed of response. My worry is that the business interruption loans package will be too clunky for most small and medium-sized businesses, and the cash grants will take too long to get to businesses before decisions are made about jobs. Will the Minister look closely at the recommendation of our right hon. Friend the Member for Tunbridge Wells (Greg Clark)? If that were put in place, some of the recommendations made by my right hon. Friend the Member for Chingford and Woodford Green (Sir Iain Duncan Smith) on universal credit would not be so important.
I note the point that my hon. Friend makes about the clunkiness of existing measures, and obviously we are looking at the point raised by my right hon. Friend the Member for Tunbridge Wells. My hon. Friend the Member for Gloucester (Richard Graham) refers to the accessibility of the loans. The Government guarantee to the banks through the British Business Bank is in order to provide a massive incentive to making the loans available to solvent businesses as quickly as possible, but I hear his concerns, and they are reflected in the design and in conversations that we are having with the banks.