I thank the Minister for his comments, although I still think there are issues to be worked through. My hon. Friend the Member for Hackney South and Shoreditch (Meg Hillier), the Chair of the PAC, raised a point about clarity. We still need that clarity from the Government. I would still like it on the record, too, that the £3.7 billion will not be reduced by the commitment to cover 75% of income losses. That needs to be clear. [Interruption.] The Minister is nodding, which is very helpful.
Finally, I want to pick up on the shared prosperity fund. No area should get less than it gets now, but no area should get less than it would have got under the new arrangements that would have come into place if we had remained in the EU. That is a very important point for South Yorkshire, and I hope that the Minister will consider it.
Question deferred (Standing Order No. 54).
5 pm
The Deputy Speaker put the deferred Questions (Standing Order No. 54).