Business of the House

Part of the debate – in the House of Commons at 11:13 am on 25th June 2020.

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Photo of Jacob Rees-Mogg Jacob Rees-Mogg Lord President of the Council and Leader of the House of Commons 11:13 am, 25th June 2020

I think the debate later on will cover this subject, but I would point out how much the Government have done: 9.1 million people are in the furloughing scheme; 2.6 million self-employed people are receiving help; 2.3 million people have got on to universal credit since 12 March; 49,000—nearly 50,000—loans to the value of £10 billion have been made to small and medium-sized enterprises; 279 loans, with a value of nearly £2 billion, have been given to larger businesses; and there have been 860,000 bounce-back loans to the value of £26.3 billion. These are enormous sums that have been provided by taxpayers to support businesses through these difficult times. I understand the hon. Gentleman’s point that some people have not benefited from all or any of these schemes, but what has been done is the most enormous package produced by any British Government at any point in our history, and it will ensure that the chances of an economic bounce-back are as high as possible.