Commons Sense

House of Commons · Ministers' Questions

Support for Small Businesses and the Self-Employed

Thursday 18 June 2020 · 1 question

Summarised by AI from the official record, so it can contain mistakes.

Read the full transcript on Parliament.uk

At a glance

Answered 1 Partly answered 0 Not answered 0

Key points

  • Ministerial Questions took place on 2020-06-18
  • Virendra Sharma from Harrow West inquired about the threat to small businesses due to the end of the transition period without a trade deal
  • The Minister acknowledged the importance of SMEs and expressed confidence in reaching a good deal with the EU

Topics (select to filter)

Questions & Answers

Q1 Virendra Sharma Lab Harrow West
Brexit Business & Trade
Context

Questions the effectiveness of government support and expresses concern about the impact of a no-deal Brexit on small businesses.

Question

Inquires if the Government recognises that, aside from covid-19, one of the biggest threats to small businesses in the UK is reaching the end of the transition period with no trade deal. Asks what assessment has been made of the number of SMEs in the UK that would go bust if faced with the toxic combination of covid-19 and a no-deal Brexit in December.

Answer from Graham Stuart

Acknowledges the importance of SMEs, states that DIT exists to support them entering international markets. Expresses confidence in reaching a good deal with the EU but criticises Labour for opposing every trade agreement and showing indifference towards small business and enterprise.

Answered

Not addressed: The number of SMEs at risk due to no-deal Brexit was not quantified or assessed as per the questioner's specific ask.

How: Criticism Of Labour Party

Was this summary accurate? Tell us

How accurate was this summary? (1 = poor, 5 = spot on)

Get updates like this by email