Rolls-Royce

Treasury written question – answered on 3rd July 2020.

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Photo of Lisa Cameron Lisa Cameron Shadow SNP Spokesperson (Mental Health)

To ask the Chancellor of the Exchequer, pursuant to the Answer of 16 June 2020 to Question 56024 on Manufacturing Industries: Coronavirus, if he will make an assessment of the potential merits of establishing a Government task-force in relation to UK-based Rolls-Royce jobs.

Photo of Kemi Badenoch Kemi Badenoch The Exchequer Secretary, Minister for Equalities

The Government regularly speaks with manufacturing companies and has worked closely with Rolls Royce in response to COVID-19. Rolls Royce is making use of the Coronavirus Job Retention Scheme (CJRS) which has so far protected 9.2 million workers and 1.1 million businesses through this crisis (as at midnight 21 June 2020). Rolls has also drawn £300m of short-term finance from the Coronavirus Corporate Financing Facility (CCFF).

Where firms make the decision that they cannot retain all of their staff over the longer run, we are ensuring that those looking for work are supported through a significant package of temporary welfare measures. This includes: £20 per week increase to the Universal Credit standard allowance and Working Tax Credit basic element, and a nearly £1bn increase in support for renters through increases to the Local Housing Allowance rates for Universal Credit and Housing Benefit claimants. These changes will benefit all new and existing claimants.

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