Covid-19: Economic Package Debate

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Department: HM Treasury

Covid-19: Economic Package

Zarah Sultana Excerpts
Tuesday 12th May 2020

(3 years, 11 months ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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My hon. Friend is absolutely right: the plan that the Government and the Prime Minister have outlined does exactly what she says. For those who can go back to work now, they should do so in a safe way, as the Secretary of State for Business, Energy and Industrial Strategy will talk about later. As the rest of our economy reopens, people will have the benefit of a furlough scheme that extends all the way to October and provides for part-time flexibility. The combination of all those things means that my hon. Friend’s local businesses and many others can take the time that they need to get firing on all cylinders again.

Zarah Sultana Portrait Zarah Sultana (Coventry South) (Lab) [V]
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It is estimated that the economic impact of the pandemic will hit the west midlands the hardest. It was announced this week that a manufacturer and supplier to Jaguar Land Rover in Coventry South has gone into administration, putting 600 jobs at risk. Will the Government therefore step up efforts to protect manufacturing jobs, especially in the automotive industry, and invest in them to provide green sustainable jobs for the future?

Rishi Sunak Portrait Rishi Sunak
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I am very sorry to hear about the potential job losses in the hon. Member’s constituency. To me, every job lost during this period is heartbreaking, which is why I am doing my absolute utmost to provide the support that I can to protect as many as possible. I have said that clearly I cannot—and nor could any of us—save every single job or business, but the loans, the cash grants and the job retention scheme will all play a vital role in saving many millions of jobs and businesses, particularly in the automotive supply chain. The hon. Member is right that that is an important part of our economy, and it deserves our support to ensure that it can be a strong part of our recovery.