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To ask the Chancellor of the Exchequer, with reference to the Answer of 7 October 2019 to Question 292791 and the article published in the Times on 10 August 2019 entitled Bailout fund to prop up businesses after Brexit, what assessment his Department has made of which businesses are at high risk of collapse in the event that the UK leaves the EU without a deal; and what funding has been allocated to supporting those businesses.
The government has already made £6.3 billion available to prepare for EU Exit. From this we have created £108m of funding for Brexit Business Preparedness – which is being allocated across government to ensure businesses are suitably prepared for EU exit.
In the event of no deal, the government would act quickly to outline our approach and take early action to support the economy, businesses and households. This would be followed by a Budget in the weeks thereafter.