On top of the £5 billion guarantee given to the Welsh Government, we have provided an additional £1.96 billion in direct support to businesses in Wales and protected over 400,000 Welsh jobs. We have also extended the £1 million annual investment allowance to stimulate investment in UK manufacturing.
Several of my constituents work at the Airbus plant in Broughton in north Wales. In July, it was announced that more than 1,400 jobs would be cut there and earlier this month we heard that there could be more than 400 compulsory redundancies. This is a time of immense uncertainty for the aerospace sector, so what action is the Secretary of State taking to work with the Welsh Government and the Secretary of State for Business, Energy and Industrial Strategy to ensure that my constituents’ jobs are secure?
The hon. Lady appropriately points out the cross-border implication of the effect of coronavirus on Airbus, and I am very aware of that. That is why we are working together with the Secretary of State for Business, Energy and Industrial Strategy, the Welsh Government, other stakeholders and, in particular, with Airbus, which has been incredibly co-operative, forward-looking and—I would like to think—grateful for the support already given by the Chancellor to it in particular and to the industry. The plan is to ensure that there is a future for Airbus at Broughton not only for the next few months but for the next few years. All the planning is about having a sustainable business over a long period, in addition to seeing people through this immediate period with the most limited amount of hardship that we can achieve.