Areas with Additional Public Health Restrictions: Economic Support

Part of the debate – in the House of Commons at 12:39 pm on 6th October 2020.

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Photo of Steve Barclay Steve Barclay The Chief Secretary to the Treasury 12:39 pm, 6th October 2020

My hon. Friend is right that the youth investment fund is a very important allocation—£500 million was allocated in September 2019 under the fund. However, he speaks to a more fundamental point, which is that many of those most affected by covid’s economic consequences are the young, who tend to concentrate in areas such as hospitality that are most impacted. That is why the Chancellor has set out measures such as the £2 billion for the kickstart scheme, the tripling of traineeships, the £2,000 for apprentices and the doubling of work coaches. We recognise that it is not just the number of young people whose jobs go, but the length of time that they are out of the labour market that is absolutely crucial. Both of those are key areas of focus and I look forward to working with him in our response on them.