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An overview of initiatives to support businesses through the coronavirus pandemic.

Type
Commons Briefing papers
Date
1 July 2022
Reference
CBP-8847

Lords statement on the economic response to the coronavirus.

Lead member
Lord Agnew of Oulton
Department
Treasury
Type
Ministerial statements
Date
28 April 2020
Reference
803 cc218-234
House
House of Lords

My Lords, I shall now repeat a Statement on coronavirus that was made yesterday in the other place by the Chancellor of the Exchequer. The figures have changed since then, and this Statement contains more up-to-date figures. The Statement is as follows:

“Mr Speaker, thank you for giving me the opportunity...

Member
Lord Agnew of Oulton (Conservative)
Type
Proceeding contributions
Date
28 April 2020
Reference
803 cc218-220
House
House of Lords

My Lords, I am grateful to the Minister for repeating yesterday’s Statement and to the entire Treasury team, Ministers and officials, for their continued work in response to coronavirus.

As the Chancellor said in his Statement, these are tough times. The Minister read out the number of new universal credit claimants,...

Member
Lord Tunnicliffe (Labour)
Type
Proceeding contributions
Date
28 April 2020
Reference
803 cc220-2
House
House of Lords

My Lords, the bounce-back loans are clearly welcome, but I am going to press for more help for the self-employed who have fallen through the gaps in all the various rescue packages, especially the independent contractors who take much of their income in dividends and the newly self-employed. When we...

Member
Baroness Kramer (Liberal Democrat)
Type
Proceeding contributions
Date
28 April 2020
Reference
803 cc222-3
House
House of Lords

My Lords, first, I will address the questions from the noble Lord, Lord Tunnicliffe, on universal credit. I am not aware of specific IT problems, but if the noble Lord is aware of any and would like to write to me, I will certainly investigate them. However, the point that...

Member
Lord Agnew of Oulton (Conservative)
Type
Proceeding contributions
Date
28 April 2020
Reference
803 cc223-4
House
House of Lords

My Lords—

Member
Lord Agnew of Oulton (Conservative)
Type
Proceeding contributions
Date
28 April 2020
Reference
803 c224
House
House of Lords

Yes I have, Madam Deputy Speaker.

Member
Lord Agnew of Oulton (Conservative)
Type
Proceeding contributions
Date
28 April 2020
Reference
803 c224
House
House of Lords

My Lords, while they are obviously very welcome, the bounce-back loans and other measures can be only a short-term fix. Many businesses that are currently allowed to operate are not doing so at the moment and others—garden centres, for example—could operate safely. Does the Minister agree that it would be...

Member
Lord Vaux of Harrowden (Crossbench)
Type
Proceeding contributions
Date
28 April 2020
Reference
803 c224
House
House of Lords

I am afraid the noble Lord rather broke up on me. Madam Deputy Speaker, did you hear the question?

Member
Lord Agnew of Oulton (Conservative)
Type
Proceeding contributions
Date
28 April 2020
Reference
803 c224
House
House of Lords

Certainly. Many businesses that are currently allowed to operate are not doing so while others that could operate safely are not currently allowed to do so. Does the Minister agree that it would be better if businesses that can operate safely do so? What help can the Government offer to...

Member
Lord Vaux of Harrowden (Crossbench)
Type
Proceeding contributions
Date
28 April 2020
Reference
803 c225
House
House of Lords

I share the noble Lord’s concerns about businesses that could be operating. I think we are seeing a gradual return to work. Businesses have now worked out how to manage the requirements of social distancing. Putting the health of the nation first is the Prime Minister’s priority, but if we...

Member
Lord Agnew of Oulton (Conservative)
Type
Proceeding contributions
Date
28 April 2020
Reference
803 c225
House
House of Lords

My Lords, these are troubling times, and I am glad the Government have taken bold steps, including the new bounce-back scheme, to deal with the problems that confront us. One of my major concerns is that companies will have reassessed their strategies over the past few weeks so that when...

Member
Baroness Neville-Rolfe (Conservative)
Type
Proceeding contributions
Date
28 April 2020
Reference
803 c225
House
House of Lords

The noble Baroness is right; we face a very uncertain few months and we do not honestly know how businesses will react as we come out of furlough and lockdown. We are looking at the long-term implications. The early indications are that there is optimism. While I think that an...

Member
Lord Agnew of Oulton (Conservative)
Type
Proceeding contributions
Date
28 April 2020
Reference
803 c225
House
House of Lords

My Lords, I ask that, after the lockdown is lifted, the Chancellor not impose again the savage cuts in the public sector that we have seen over the last 10 years. These left England short of 10,000 doctors, 40,000 nurses and 110,000 adult social care workers, fatally damaging the battle...

Member
Lord Hain (Labour)
Type
Proceeding contributions
Date
28 April 2020
Reference
803 c225
House
House of Lords

I assure the noble Lord that we are looking at all options. He makes a good point about the shortage of doctors. As the Chancellor has repeatedly said, we will give the NHS all the support it needs. Noble Lords might recall that in the Budget a few weeks ago—it...

Member
Lord Agnew of Oulton (Conservative)
Type
Proceeding contributions
Date
28 April 2020
Reference
803 c226
House
House of Lords

I draw attention to my interests as listed in the register. Implicit in the question from the noble Baroness, Lady Neville-Rolfe, is the point that the managers of the 4 million-plus people being furloughed will start to think about whether they have a future in the business as soon as...

Member
Lord Fox (Liberal Democrat)
Type
Proceeding contributions
Date
28 April 2020
Reference
803 c226
House
House of Lords

The noble Lord broke up a little. I think I got the—

Member
Lord Agnew of Oulton (Conservative)
Type
Proceeding contributions
Date
28 April 2020
Reference
803 c226
House
House of Lords

Would you like me to dial in?

Member
Lord Agnew of Oulton (Conservative)
Type
Proceeding contributions
Date
28 April 2020
Reference
803 c226
House
House of Lords

May I re-ask my question, given the circumstances?

Member
Lord Fox (Liberal Democrat)
Type
Proceeding contributions
Date
28 April 2020
Reference
803 c226
House
House of Lords