I congratulate the hon. Member for North Ayrshire and Arran (Patricia Gibson) on achieving this debate. It must surely be evident to the Government from the number and variety of occasions when this subject is raised by Members in this place that there is a general feeling across the House and in the country that we need to continue the support that the job retention scheme has offered.
I will not subject right hon. and hon. Members to a repeat of my contribution to last week’s debate, other than to say that we are in a crisis in this country that poses the greatest threat to our health, our economy and the wellbeing of individual households across the UK of any in our lifetimes. It is only because of the strength of the job retention scheme so far that we have been able to protect about 10 million jobs. Seven million people are currently supported by the furlough scheme, and to withdraw it at the end of October seems rash and too soon.
A Government Member said a little while ago that the scheme got us through the worst of the crisis and there is no longer any need for it. Surely we all saw the
news today that the north-east of England has gone back into lockdown, posing an immediate threat to jobs, retail and wholesale in that part of the country. If we were in any doubt, surely that is evidence that we need to continue to support all industrial sectors through the crisis.
As I mentioned earlier, it is estimated that continuing the scheme until June 2021 would cost the country about £10 billion. That might seem like a large amount of money, but it will be dwarfed into insignificance by the long-term cost to our economy, our wellbeing and each sector if we pull the rug from underneath them at the moment. There should, instead, be a bridge to transition us from where we are now to whatever our economy will look like afterwards. This is an opportunity to support families, to invest in a transition to green jobs and to ensure that this country has a future that is economically stable.
Millions of people in this country who are currently on the furlough scheme look to us for support and reassurance about their future, and to hear that they will not face the financial hardship that many of them fear. It is incumbent on us to ensure that we do not let them down by removing that support too soon.
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