Newspaper Press: Coronavirus

Treasury written question – answered on 10th June 2020.

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Photo of Caroline Lucas Caroline Lucas Green, Brighton, Pavilion

To ask the Chancellor of the Exchequer, how much financial support has been provided from the public purse to (a) news providers who belong to the Independent Community News Network and (b) other news providers via (i) the Coronavirus Job Retention Scheme, (ii) the Self-Employed Income Support Scheme, (iii) Government-backed loans, (iv) the deferral of the next quarter of VAT, (v) the scrapping of VAT on e-publications and (v) the £35 million public information campaign entitled All-in, All together.

Photo of Kemi Badenoch Kemi Badenoch The Exchequer Secretary

The four government backed loan schemes have seen over £40bn lent to hundreds of thousands of businesses, whilst, as of midnight 7th June, 8.9 million jobs had been furloughed through the Coronavirus Job Retention Scheme (CJRS), with a total of £19.6bn claimed, and 2.6 million claims had been made through the Self Employment Income Support Scheme (SEISS), with a total value of £7.5 bn. The VAT deferral is worth over £30 billion or 1.5% of GDP with £22.4bn deferred by 251,000 businesses so far.

The Government has published aggregate application and approval figures on the Coronavirus Business Interruption Loan Scheme (CBILS), Coronavirus Large Business Interruption Loan Scheme (CLBILS) and Bounce Back Loan Scheme (BBLS) since 12 May but does not hold specific breakdown information relating to collective sectors or organisations which have accessed these schemes, including the Independent News Network and other news providers. The Government is actively considering what further data can be made available in the future. HMRC will publish Official Statistics covering the CJRS and the SEISS on 11 June.

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