Lockdown: Economic Support

Part of the debate – in the House of Commons at 12:39 pm on 3rd November 2020.

Alert me about debates like this

Photo of Steve Barclay Steve Barclay The Chief Secretary to the Treasury 12:39 pm, 3rd November 2020

My hon. Friend is right to pick out the specific challenges faced by the supply chain, often because they supply multiple sectors; they may not be in a given sector where there are specific issues, but they supply across a number of sectors. So he is right about the issue. Part of the reason we have taken the universal approach on the wider package of schemes, whether on support for cash flow with the loans and grants, or on the direct measures to support the labour market through the furlough and self-employed income support schemes, is to recognise that once one tries to demarcate sectors, that becomes difficult in the supply chain. So part of the package of support that applies to the supply sector is provided through those universal schemes, but he is right about the issues that these businesses face.