Additional Covid-19 Restrictions: Fair Economic Support — House of Commons, 2020-10-21
Topic: Macroeconomics
Nicola Faye Richards (Conservative, Centre-right): It is a pleasure to speak in this debate, because it is an important one. It is important that people understand the level of economic support available for their area. More than £200 billion has been put there to protect jobs, incomes and businesses The fact that the Opposition never want to talk about the unprecedented package of financial support measures that the Government have already piled into all areas of the country is extremely telling. Perhaps that is because the Government’s record on helping the most vulnerable get through this epidemic is outstanding. When we look at the job retention scheme, the job support scheme, the business grants, VAT deferrals, interest-free loans, help with mortgages and much more, it is difficult to argue that this Government have not economically supported our communities, but I agree that they must continue to do so I am pleased that packages of financial support are being drawn up for areas hit by the toughest restrictions. If someone’s business is legally required to shut because of the tier system, it is absolutely right that they should be entitled to financial support. It is interesting to watch the Labour party now attempting to paint itself as being business-friendly. Under the Opposition’s previous leader, the right hon. Member for Islington North (Jeremy Corbyn), they were anything but pro-business: just look at their last manifesto. For them now to claim to be the saviours of business across the country during the epidemic is laughable What did the former shadow Home Secretary tell Newsnight about the Leader of the Opposition? He has moved his position on remain. He has flip-flopped on Brexit. He has flip-flopped in his support for businesses and he has flip-flopped on covid. He cannot decide whether he wants a national lockdown or whether he wants to know when lockdowns will end. The only thing he has been consistent in is his ability to use hindsight. This from the right hon. and learned Gentleman who stood at last December’s general election on a specific manifesto commitment to impose the biggest tax hikes on British businesses in living memory. I want us to be backing businesses in West Bromwich East and across the country—the wealth creators who drive our local economies and deliver jobs and prosperity for people. The covid crisis has threatened all that, but I know that we will bounce back when we level-up communities such as mine, which has been let down by the Labour party. While we do not want people to be relying on the welfare state—we want people in jobs providing for their families—it is precisely because of the generous nature of the increased UC threshold that people have been protected during the pandemic I pay tribute to West Bromwich jobcentre, which has done a great job in making sure that all those in West Bromwich East who needed to access UC have been able to do so. I pay tribute to the Secretary of State for Work and Pensions, who has done a fantastic job in securing that. I have been saying throughout the pandemic that this is the time to pull together and play our part in supporting our neighbours. I am proud that the Chancellor has so far stepped up to the challenge, and I have every faith he will continue to do so.