One-off grants of up to £6,000 have been announced per premises for businesses in the affected sectors in England.
By: James Rodger
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Chancellor Rishi Sunak has announced a £1bn Covid bailout with one-off £6,000 grants for hospitality firms.
Mr Sunak said he was “confident” the extra support would help “hundreds of thousands” of businesses and millions of employees.
One-off grants of up to £6,000 have been announced per premises for businesses in the affected sectors in England.
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Cultural organisations in England can also access a further £30 million funding during the winter via the culture recovery fund, the Treasury said.
The Government also intends to use taxpayers’ cash to cover the cost of statutory sick pay for Covid-related absences for firms with fewer than 250 employees.
The UK is dealing with an “enormous amount of uncertainty”, the Chancellor has said, as he was asked about further Covid restrictions.
“I’d refer people to the Prime Minister’s words yesterday, and unfortunately we’re just dealing with an enormous amount of uncertainty at the moment.138375746682https://get-latest.convrse.media/?url=https%3A%2F%2Fwww.birminghammail.co.uk%2Fnews%2Fmidlands-news%2Frishi-sunak-announces-1-billion-22531937&cre=mr-bottom&cip=1&view=web&ignoreMetaDataCheck=true&subType=news_story&tags=Politics
“What the Prime Minister said is that we’re reviewing the data day by day, hour by hour, keeping the situation under constant review, but can’t rule anything out.”
Mr Sunak added that the Prime Minister had already “made the commitment” to recall Parliament to vote on new measures if needed.
