UK's Sunak rules out extra help for firms
hit by extended COVID-19 restrictions -FT
Send a link to a friend
[June 18, 2021]
(Reuters) -British
finance minister Rishi Sunak has ruled out any further extension of
support to businesses, despite the UK government forcing many to close
for an extra four weeks, The Financial Times reported https://on.ft.com/3iJJnbY. |
![](../images/061821PIX/busine55.jpg)
Britain's Chancellor of the Exchequer Rishi Sunak attends a virtual
press conference inside 10 Downing Street in central London, Britain
March 3, 2021. Tolga Akmen/Pool via REUTERS |
"What we did was deliberately go big and go long in terms of the
support, we erred on the side of generosity," Sunak said in an
interview published late on Thursday. "We very explicitly said
at the time that was to accommodate delays to the road map."
Earlier this week, the finance ministry said it would extend
until March 2022 a ban on evictions of businesses that stopped
paying rent due to the coronavirus crisis.
But Sunak was quoted by the FT as saying he would not bow to
pressure to prolong other measures such as the jobs-protecting
furlough scheme and relief on taxes companies must pay based on
the value of the properties they occupy.
The furlough programme is due to end on Sept. 30 and businesses
with furloughed staff will need to contribute towards employee
wages from July 1.
(Reporting by Akriti Sharma in Bengaluru and William Schomberg
in LondonEditing by Chris Reese and David Milliken)
[© 2021 Thomson Reuters. All rights
reserved.] Copyright 2021 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
Thompson Reuters is solely responsible for this content.
![](column_spacer.png)
|
|
|