Economic Update Debate

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Department: HM Treasury
Tuesday 17th March 2020

(4 years, 9 months ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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As I said, the Housing Secretary will shortly outline our measures to protect renters. We understand well the point that the hon. Lady makes.

Richard Graham Portrait Richard Graham (Gloucester) (Con)
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This is a huge step to support jobs. Speed is of the essence, so will the Chancellor confirm when the business interruption loans will be available and how quickly applications will be processed? Will he also confirm that the Communities Secretary’s package will cover renters, the self-employed, nurseries, community groups, kindergartens and charities so that all the people in those sectors will be reassured as well?

Rishi Sunak Portrait Rishi Sunak
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My hon. Friend is right that speed is of the essence. The loan programme will be available from early next week. My right hon. Friend the Chief Secretary to the Treasury is doing an excellent job working with the banks to make sure that those applications will be processed at speed, so businesses that need that support will get it quickly.