Economic Outlook and Furlough Scheme Changes

Part of the debate – in the House of Commons at 12:39 pm on 16th June 2020.

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Photo of Jesse Norman Jesse Norman The Financial Secretary to the Treasury 12:39 pm, 16th June 2020

Of course I agree with my hon. Friend on that. One of the great sadnesses of this has been the extent to which it is often the smallest and most local businesses—the most independent—that are most adversely affected by the coronavirus.

As he will know, between our job retention scheme, bounce back loans and reliefs and tax exemptions, we have given a huge amount of support in that area, and we will continue to do what we can to support it.