Below is the text of the comments made by Bridget Phillipson, the Shadow Chief Secretary to the Treasury, on 9 July 2020.
The Government have had months to prepare for the end of lockdown and design targeted support to protect jobs – but instead we have an on-the-hoof fix that the Chancellor himself admits risks wasting billions of pounds of taxpayer money.
Hard-pressed sectors where thousands of jobs are at risk, like aviation, oil and gas, and tourism, will be missing out on the help they need while companies who are returning to normal get public money they don’t.
The Chancellor should be targeting support on those who need it, not handing it out aimlessly to those who don’t. It’s not brave to admit the Government plans to waste billions at a time when others are crying out for support.