Business of the House

Part of the debate – in the House of Commons at 11:20 am on 9th July 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 11:20 am, 9th July 2020

Six billion pounds is an important amount of support, and my hon. Friend is right to highlight the work being done by the Department for Business, Energy and Industrial Strategy and HM Treasury over the past week to support local jobs in his constituency. Aviation and aerospace companies are vital to the economy, which is why the support has already been there, including time to pay, support for employees and loans. These are designed to ensure that companies of any size receive the help that they need to get through this difficult time—airports, airlines and the wider supply chain. We will continue to work closely with the companies affected and we are open to offering further support, so long as all other Government schemes and commercial options have been exhausted, including raising capital from existing investors. We will consult on what we can do on aviation taxes. The Chancellor will say more on that in due course.