Oral Answers to Questions Debate

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Department: HM Treasury
Tuesday 20th October 2020

(4 years ago)

Commons Chamber
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Jesse Norman Portrait Jesse Norman
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I admire the hon. Lady’s ingenuity in introducing a conversation about bounce back loans to a discussion about the self-employed scheme. The answer is that I do not have the numbers to hand, but of course, if those numbers are available, I will make sure that we write to her with the detail.

Zarah Sultana Portrait Zarah Sultana (Coventry South) (Lab)
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What proportion of jobs his Department estimates will be supported through the Government’s Job Support Scheme. [907773]

Naz Shah Portrait Naz Shah (Bradford West) (Lab)
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What proportion of jobs his Department estimates will be supported through the Government’s Job Support Scheme. [907780]

Rishi Sunak Portrait The Chancellor of the Exchequer (Rishi Sunak)
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Over the course of the coronavirus job retention scheme, more than 9 million jobs were protected through the furlough scheme. The job support scheme that replaces it will come into force on 1 November. Of course, it is impossible to predict today how many people will benefit. That will depend on the exact path of the virus and the restrictions in place.

Zarah Sultana Portrait Zarah Sultana
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Since March, unemployment has doubled in Coventry South. The Government are replacing furlough with the utterly inadequate job support scheme. Research from the Institute for Public Policy Research found that, of the 2 million jobs at risk, it will save only 10%. Where it is used by businesses that are required to close, two thirds of wages is simply not enough for low-paid workers. Is the Chancellor happy to see 1.8 million jobs go? Could he live on two thirds of the minimum wage? If not, he should extend the furlough scheme for the industries that desperately need it.

Rishi Sunak Portrait Rishi Sunak
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When we announced the job support scheme, it was, in fact, warmly welcomed by several business groups and trade unions, with which I was happy to work in designing the scheme. I take the issue of jobs very seriously; it remains my highest priority. Although I cannot protect every single job, we will throw absolutely everything we can at protecting, saving and creating as many jobs as possible, which is why we have a comprehensive plan for jobs. The job support scheme is just one element of that. Indeed, I am pleased to say that the kickstart scheme is shortly due to launch, which will provide hope and opportunity to hundreds of thousands of young people.