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[Sir Edward Leigh in the Chair]

10 November 2020

Lead MP

Elliot Colburn

Responding Minister

John Glen

Tags

EconomyTaxationBenefits & Welfare
Word Count: 14754
Other Contributors: 11

At a Glance

Elliot Colburn raised concerns about [sir edward leigh in the chair] in Westminster Hall. A government minister responded.

Key Requests to Government:

The Government should review criteria for grants and extend financial support to businesses that do not pay business rates or are ineligible under current schemes. There is also a need for greater clarity on exit strategies from lockdowns and a road map for reopening.

How the Debate Unfolded

MPs spoke in turn to share their views and ask questions. Here's what each person said:

Lead Contributor

Opened the debate
SMEs account for nearly all businesses in Carshalton and Wallington, employing over 16 million people nationwide with a turnover of £2.3 trillion. The coronavirus has had a devastating impact on these businesses, causing job losses and financial strain. Concerns include eligibility issues for the furlough scheme, cut-off dates preventing new hires from qualifying, business rate relief not being extended to certain sectors like wholesalers, and inadequate grant funding levels compared to earlier in the year.

Government Response

John Glen
Government Response
The Minister emphasised that SMEs are at the forefront of government support during the pandemic, noting a £200 billion package of measures. He detailed various schemes such as the job retention scheme (£41.4 billion paid out), self-employment income support (£13.7 billion claimed), and bounce back loans (over £50 billion worth applied for). The Minister also highlighted plans to extend these supports, including additional grants for businesses forced to close due to restrictions. He acknowledged practical challenges in verifying dividend income and access issues with non-bank lenders but stressed ongoing efforts to address concerns.
Assessment & feedback
Summary accuracy

About Westminster Hall Debates

Westminster Hall debates are a chance for MPs to raise important issues affecting their constituents and get a response from a government minister. Unlike Prime Minister's Questions, these debates are more in-depth and collaborative. The MP who secured the debate speaks first, other MPs can contribute, and a minister responds with the government's position.