Economic Update Debate

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Department: HM Treasury
Wednesday 8th July 2020

(4 years, 5 months ago)

Commons Chamber
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Stella Creasy Portrait Stella Creasy (Walthamstow) (Lab/Co-op) [V]
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One word that has not been mentioned so far is childcare, yet we know that two thirds of women who want to return to work in the next couple of months cannot because they cannot get any, and that 71% of our voluntary sector childcare agencies are already operating at a loss, risking their closing in the coming weeks. So can the Chancellor set out what funding he is providing now to make sure that parents can get back to work?

Rishi Sunak Portrait Rishi Sunak
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With regard to nurseries, for example, we have already included them in the business rates holidays for this year, and also ensured that the funding that they receive from Government remains constant throughout this crisis. On top of that, they have access to our other areas of support—bounce back loans and others—but of course we keep everything under review.