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Economic Update

Part of the debate – in the House of Commons at 7:17 pm on 17th March 2020.

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Photo of Bob Seely Bob Seely Conservative, Isle of Wight 7:17 pm, 17th March 2020

I welcome the Chancellor’s statement and have two questions. First, charities and social enterprises, such as Age UK on the Isle of Wight and the West Wight Sports and Community Centre, face significant income cuts and I fear that rate relief will not be enough. Can more be done to support social enterprises? Secondly, my chamber of commerce is concerned about the ability of small businesses, especially tourism businesses, to access the grants and it fears that

“businesses will be closing, and on mass, before money becomes available”.

So can we act as swiftly, quickly and generously as possible?