Covid-19: Economy Update Debate

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Department: HM Treasury

Covid-19: Economy Update

Tony Lloyd Excerpts
Thursday 22nd October 2020

(3 years, 6 months ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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My hon. Friend is absolutely right, and I thank her for her warm words. She knows, as someone who is a huge champion of small businesses in her area, repeatedly bringing their concerns to this Chamber, how damaging it would be to inflict unnecessary pain and suffering on those businesses and those people’s jobs and livelihoods. That is why the Prime Minister’s and this Government’s approach of a regional, tiered strategy is absolutely the right one.

Tony Lloyd Portrait Tony Lloyd (Rochdale) (Lab) [V]
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The Chancellor will recognise that, although the tier system is only a few weeks old, Greater Manchester has been de facto in tier 2 for three months, before moving into tier 3 this week. The Chancellor told the House, in reply to my hon. Friend the Member for Bradford West (Naz Shah), that these grants will now be retrospective. Can he be absolutely clear: will the grants for Greater Manchester go back to the beginning of our period of de facto tier 2 and not simply to when the Government introduced the more formal, legalistic tier 2?

Rishi Sunak Portrait Rishi Sunak
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Yes, I can, and I hope I did, provide that reassurance. For all areas that have been suffering essentially de facto restrictions, as the hon. Gentleman said, we will backdate the grants through to the beginning of August as required, and that will benefit many local businesses in Greater Manchester. I am grateful for the representations I had on this matter from many colleagues around the House, including many of those I mentioned in my statement.