Public Health Restrictions: Government Economic Support

Part of the debate – in the House of Commons at 12:38 pm on 13th October 2020.

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Photo of Steve Barclay Steve Barclay The Chief Secretary to the Treasury 12:38 pm, 13th October 2020

The reality is that the aerospace and aviation sectors have received over £8.5 billion through the covid corporate financing facility. Grants for research and development, loans and export guarantees are also expected over the next 18 months. My right hon. Friend the Secretary of State for Transport recently launched the Global Travel Taskforce, which underscores the Government’s commitment to this sector. The hon. Gentleman talks about support. The aviation sector has benefited from our comprehensive package of measures, whether it is the furlough or tax deferral schemes, or all the other measures that we have put in place. That is all part of the wider support that we have given to UK business as a result of the broad shoulders we have as a United Kingdom.