The Economy Debate

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Department: HM Treasury
Thursday 24th September 2020

(3 years, 9 months ago)

Commons Chamber
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Rosie Winterton Portrait Madam Deputy Speaker (Dame Rosie Winterton)
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We seem to be having some trouble hearing Christine Jardine. I will move on and try to come back to her if we can sort out what is wrong with the sound.

Stephen Crabb Portrait Stephen Crabb (Preseli Pembrokeshire) (Con)
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Throughout this crisis, the Chancellor has moved with speed and determination to protect jobs and family incomes. I welcome his comments today about targeting job support on viable companies with viable jobs. Implicit in that, though, is a recognition that, sadly, unemployment will continue to increase, so will he say a bit more about the importance of the social security safety net at this time and reaffirm the importance of the increase that we made right at the start of this crisis to universal credit and perhaps tell us that there is no intention on the part of the Government to withdraw it?

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Rishi Sunak Portrait Rishi Sunak
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Decisions on the exact operation of our welfare system are for the Secretary of State for Work and Pensions, but I will happily reflect on the point that the right hon. Gentleman makes. He is right that that has made a significant difference in the early stage of this crisis, but as we go through it, we will make sure that we adjust and tailor our support to match the needs of the moment.

Rosie Winterton Portrait Madam Deputy Speaker
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Let us see whether we can go back to Christine Jardine.

Christine Jardine Portrait Christine Jardine [V]
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I hope that you can hear me this time, Madam Deputy Speaker. 

I thank the Chancellor for early sight of his statement, which I cautiously welcome, to the extent that he has listened to calls from Liberal Democrats to extend furlough and create some flexibility based on the German Kurzarbeit model, but what about the 3 million people who have had no support for six months and will still be excluded from financial help? Where are the job creation plans to tackle unemployment and for those who cannot work for a third of the time? Where are the incentives for manufacturing and industry to invest in this country and create new jobs—the green revolution—allowing us to compete with our European neighbours, who are already moving ahead of us?

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Rishi Sunak Portrait Rishi Sunak
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I thank my right hon. Friend, who is a very good friend of mine, for his warm comments. Whatever I have been able to do over the past several months is in no small part thanks to the instruction that he has given me when he was my boss in not one, but two different Department jobs. He is absolutely right about the importance of infrastructure investment, and he was one of the first people to talk passionately about the need to increase significantly the amount of money that the Government invest in the UK’s infrastructure. It was he, as Chancellor, who put in place the infrastructure revolution, and I can commit to him that I will absolutely deliver on that. He is right that we must publish the national infrastructure strategy; we will do so this autumn.

Rosie Winterton Portrait Madam Deputy Speaker (Dame Rosie Winterton)
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In order to allow the safe exit of hon. Members participating in this item of business and the safe arrival of those participating in the next, I am suspending the House for three minutes.