Issue 29
Chancellor Increases Financial Support for Businesses and Workers CLHNews
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Chancellor Rishi Sunak has announced significant support measures for tier 2 businesses in the hospitality sector to ensure livelihoods and jobs across the UK continue to be protected in the difficult months to come, supporting jobs and helping to contain the virus. Chancellor Rishi Sunak has promised to “go further” as he announced three new measures to help workers and businesses get through the winter and a
coronavirus second spike. Speaking in the House of Commons, he said cash grants of up to £2,100 a month will be given to firms in Tier 2 areas, enough he says for all affected hospitality, accommodation and leisure premises. The measures will be retrospective, so any region which has been under enhanced restrictions can backdate their claim to August.
Chancellor said he would be increasing support through the existing Job Support and self-employed schemes, and expanding business grants to support companies in high-alert level areas. This builds on agreements reached with Local Authorities moving to Alert Level very high, with extra support for businesses, jobs and the economic recovery.
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