Lockdown: Economic Support Debate

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Department: HM Treasury

Lockdown: Economic Support

Robert Largan Excerpts
Tuesday 3rd November 2020

(3 years, 8 months ago)

Commons Chamber
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Steve Barclay Portrait Steve Barclay
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First, on the suggestion that there has been a differentiated approach, the point is that a number of arrangements were put in place, for example, with the Mayor of the Liverpool City Region, with civic leaders in your own Lancashire region, Mr Speaker, and with South Yorkshire, because we recognised that there were additional pressures in those communities. We also put in further support retrospectively, recognising that a number of areas had been in tier 2 restrictions for a period. So the suggestion that additional support had not been offered does not stand that scrutiny. If one takes the deputy chief medical officer’s advice, it was inappropriate previously to have a national lockdown—Professor Van-Tam set that out—but the pathway of the virus and the infection increase was such that a more comprehensive approach was taken. So this is a response to the health pandemic as much as a response to anything that is geographically determined.

Robert Largan Portrait Robert Largan (High Peak) (Con)
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I welcome the extra support for the self-employed and the news that many of those who did not qualify for the initial furlough scheme will qualify under the extended scheme, but I want to ask the Minister about the bounce back loans, which have been a lifeline for so many businesses in my constituency. Back when they made the applications for those loans, businesses would not have foreseen that disruption would have gone on for so long, so can steps be taken to ensure that they can apply for top-ups to their initial loan and get through the difficult winter ahead?

Steve Barclay Portrait Steve Barclay
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In short, yes they can. My hon. Friend raises a valid point, which is that a number of businesses will have taken out loans for what they felt was their need at that time. Further restrictions have been placed on businesses, which is why we have extended the period for availability of loans to the end of the year. He is right about that, and I can provide him with that reassurance.