Economic Update Debate

Full Debate: Read Full Debate
Department: HM Treasury
Wednesday 8th July 2020

(4 years, 4 months ago)

Commons Chamber
Read Full debate Read Hansard Text Read Debate Ministerial Extracts
Rishi Sunak Portrait Rishi Sunak
- Hansard - - - Excerpts

I thank my hon. Friend for her support. She has spent a lot of time in this place championing the futures of young people. I am pleased to tell her that the kick-start scheme will be for longer than six months. It will be open for bidding, hopefully, at the end of this month or the beginning of next month, and the first new kick-starters will start in the autumn. The scheme will run at least until the end of next year. Hopefully, if it is popular, we can get as many as hundreds of thousands of young people being part of the kick-start programme. I hope that she and her constituency can be a champion for it.

Stephen Flynn Portrait Stephen Flynn (Aberdeen South) (SNP)
- Hansard - -

Three hundred and fifty billion pounds: that is how much the UK Treasury has coined from Scotland’s oil and gas sector over the past decade, so I say to the Chancellor that it is time to give back. When will his Government finally stop dithering and instead deliver on an oil and gas sector deal to protect jobs now while creating new and sustainable jobs for Aberdeen’s future?

Rishi Sunak Portrait Rishi Sunak
- Hansard - - - Excerpts

Scotland has benefited extraordinarily from the interventions that this Government have put in place during this crisis. I talked earlier about the Barnett consequentials and the billions of pounds, but more importantly about the ability for us to act as one United Kingdom. At a time like this, the importance of that has never been more to the fore. The hon. Gentleman talks about oil and gas. I am happy to acknowledge the difficulties in that sector, and I know that the Business Secretary is in talks with it. Mechanisms have been put in place before. Again, we keep all these things under review, and if we need to make more interventions in future, of course we will.