Economic Update

Robert Largan Excerpts

Tuesday 17th March 2020 Commons Chamber

[Robert Largan (High Peak) (Con)]

I represent the Peak District, where hotels, restaurants, pubs and the tourism industry in general are absolutely central to the local economy. I therefore welcome the economic measures announced, but people and businesses are struggling right now. So may I urge the Chancellor to make certain that loans and grants are paid and put into people’s bank accounts as soon as possible?

[Rishi Sunak]

My hon. Friend is exactly right. That is why the steps we are taking are designed to work at pace. Loan schemes will be available from early next week and the Communities Secretary is ensuring that the grant payments are processed as quickly as possible through local authorities in the coming days and weeks.