Stephen Doughty
Main Page: Stephen Doughty (Labour (Co-op) - Cardiff South and Penarth)Department Debates - View all Stephen Doughty's debates with the HM Treasury
(3 years, 5 months ago)
Commons ChamberI note the hon. Lady’s long-standing interest in this subject, but I want to state clearly that the Government support the role of the low-income developing countries to be supported by the UK’s G7 presidency. We have made clear our expectation that the private sector and the firms she mentioned will offer debt treatment on at least as favourable terms as the official sector, under the common framework, as agreed by the G20 last November.
In order to support people through the next stages of the pandemic, the Government have extended both the furlough scheme and the self-employment income support scheme through to September, which will help millions of people up and down the country.
I thank the Chancellor for his answer. The Welsh Labour Government this week announced a further £30 million to support hospitality and tourism, and freelancers working in our creative sectors are going to get a further round of support worth £8.9 million—this is targeting support to fill gaps left by the Chancellor. I accept that many people have had welcome support, but huge numbers of people are coming up to a year of little or no support because they have been excluded from UK Government support over the past year. What will the Chancellor do for all those excluded, left out and left behind the curve over the past year?
I am glad the Welsh Government will receive more than £740 million in Barnett consequentials as a result of this Budget, which works for the whole United Kingdom. With regard to the self-employment scheme, what I can say is that we are now able to bring in those people who filed tax returns for the first time in the tax year 2019-20. That was something that many colleagues asked for. I am pleased that we were able to deliver that now that the tax deadline has passed, and it means that more than 600,000 more people will be able to benefit from this world-leading support for the self-employed.