Lockdown: Economic Support Debate

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Department: HM Treasury

Lockdown: Economic Support

Toby Perkins Excerpts
Tuesday 3rd November 2020

(3 years, 8 months ago)

Commons Chamber
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Steve Barclay Portrait The Chief Secretary to the Treasury (Steve Barclay)
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Yesterday, the Prime Minister set out why we are introducing new measures to tackle coronavirus.

Toby Perkins Portrait Mr Toby Perkins (Chesterfield) (Lab)
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He’s not the Chancellor.

Lindsay Hoyle Portrait Mr Speaker
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Order. Toby, I do not need this all the way through. Please, I want to get on with this statement. I have granted the UQ, and I do not need Back Benchers chirping.

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Steve Barclay Portrait Steve Barclay
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My hon. Friend raises an issue that unites the House. The huge value of the work done by the hospice movement was recognised as part of the package of measures put in place by my right hon. Friend the Chancellor, with £750 million of support for the charity sector and with the hospice movement being specifically identified. I am happy to continue working with my hon. Friend as we work together, and we recognise the importance of that sector.

Toby Perkins Portrait Mr Toby Perkins (Chesterfield) (Lab)
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Many small business owners have been forced to raid their personal savings to keep their businesses afloat over the past eight months, but that is not a bottomless pit. Many small business owners are not wealthy people, and the Chief Secretary to the Treasury must understand that if they go under, the whole company goes with them. The Treasury has now had eight months to get this scheme working. Why is it still excluding 3 million people? Does he not recognise how perilous the situation is for many of those businesses?

Steve Barclay Portrait Steve Barclay
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I drew attention earlier to the fact that more than £13 billion had been allocated to the self-employed income support scheme and through the income support grant. That indicates the support that the Treasury has given. The hon. Gentleman draws out, as the Chair of the Treasury Committee did, the specific issues around company directors. I have set out to the House the difficulty of clarifying precisely what is earned income as opposed to dividend income, but it is worth drawing the House’s attention to the fact that more than £13 billion of support has been allocated.