Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Sarah Champion Excerpts
Tuesday 7th July 2020

(4 years, 4 months ago)

Commons Chamber
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Steve Barclay Portrait Steve Barclay
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If the hon. Gentleman had listened to the answer I gave a moment ago, he would have seen that we are learning from the lessons of the 2008 crash. One of the measures that was put in place then saw a fall of a third in the number of small house builders, so part of the £450 million fund is providing the finance to enable small house builders to build the schemes that Members on both sides of the House agree on. It is about learning the lessons of the schemes that Labour put in place in 2008, which led to a fall in construction work.

Sarah Champion Portrait Sarah Champion (Rotherham) (Lab)
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What assessment he has made of the potential effect on levels of unemployment of withdrawing the (a) coronavirus job retention scheme and (b) self-employment income support schemes.

Anna McMorrin Portrait Anna McMorrin (Cardiff North) (Lab)
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If he will develop a scheme based on the future jobs fund to support young unemployed people into work.

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Rishi Sunak Portrait The Chancellor of the Exchequer (Rishi Sunak)
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Through the coronavirus job retention scheme and the self-employment income support scheme, the Government have protected 9.4 million jobs and supported the incomes of 2.7 million self-employed. I remain committed to helping the unemployed return to work and supporting those who are most vulnerable to job loss. We will continue to monitor economic conditions to ensure our labour market policy response is both appropriate and effective.

Sarah Champion Portrait Sarah Champion [V]
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In his announcement of the self-employment income support scheme, the Chancellor told self-employed people that they have not been forgotten and no one will be left behind, but the Treasury Committee has found that more than a million people have been unable to benefit from either that scheme or the job retention scheme. That is certainly what I am finding in Rotherham. Will he commit to acting to ensure that, true to his word, no one is left to face this crisis alone?

Rishi Sunak Portrait Rishi Sunak
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Some 95% of those who are majority self-employed are able to benefit from the self-employment scheme. In its design, its duration, the breadth of its coverage and the generosity of its support, the scheme remains the most generous and comprehensive self-employment support scheme in the world.