October 26, 2020

Rishi Sunak will do ‘all in his power to help hard-hit firms survive another lockdown’

Rishi Sunak will do ‘all in his power to help hard-hit firms survive another lockdown’

RISHI Sunak is poised to update his financial aid package amid fears new lockdown rules will put thousands out of work.

The Chancellor has told aides he will do all in his power to help hard-hit businesses survive the pandemic.

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Rishi Sunak is poised to update his financial aid package to avoid thousands of job losses under new lockdown rules

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Rishi Sunak is poised to update his financial aid package to avoid thousands of job losses under new lockdown rulesCredit: Reuters

He is under pressure to extend support for pubs and restaurants.

Labour says thousands of pubs face ­closure, with 14,000 in the two high-risk tiers.

Many of them do not qualify for an emergency grant.

The coronavirus job retention scheme ends at the end of this month and without new grants, pubs that are barely one-third full say they face ruin.

Senior Tories joined the chorus of anger over the creeping lockdown map last night — warning of needless redundancies and bankruptcies.

Five Essex MPs wrote to Boris Johnson urging him to act to avoid “permanent economic damage”.

Tough lockdown restrictions will cost 750,000 hospitality jobs by February, it was claimed last night.

Half of businesses are set to fail over the winter unless an improved rescue package is devised, says a study.

MPs have written to the PM urging him to act to avoid 'permanent economic damage'

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MPs have written to the PM urging him to act to avoid ‘permanent economic damage’Credit: PA:Press Association
Labour claim thousands of pubs face ­closure with 14,000 in the two high-risk tiers

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Labour claim thousands of pubs face ­closure with 14,000 in the two high-risk tiersCredit: AFP

Three-quarters are failing to break even.

Pub and restaurant bosses predict “devastation”, says the survey by UK Hospitality, British Institute of Innkeeping and the British Beer and Pub Association.

A source close to Mr Sunak said: “When problems are created or found, the Chancellor will seek to fix them.”

Rishi Sunak warns second national lockdown would cause ‘permanent damage’

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