Worcester MP Robin Walker has welcomed the announcement of additional government support by Chancellor Rishi Sunak today which will provide certainty to businesses and workers impacted by coronavirus across the UK.
The Chancellor announced a package of measures that will continue to protect jobs and help businesses through the uncertain months ahead as we continue to tackle the spread of the virus. The package includes a new Jobs Support Scheme to protect millions of returning workers, extending the Self Employment Income Support Scheme and 15% VAT cut for the hospitality and tourism sectors, and help for businesses in repaying government-backed loans.
Robin was particularly pleased with the new Job Support Scheme will be introduced from 1 November to protect viable jobs in businesses who are facing lower demand over the winter months due to coronavirus.
Robin also welcomed the news that the government is supporting businesses and jobs in tourism and hospitality by extending the temporary 5 percent rate of VAT until the end of March 2021. This was originally due to end in January 2021, but the Government has recognised that the tourism and hospitality sector has been severely affected by coronavirus.
Speaking after the announcement, Robin said:
“I welcome the Chancellor’s Winter Economy Plan and I am delighted that the packages contained will provide a huge boost to many businesses and employers who are at the front and centre of Worcester economy.”
“I am pleased that the Chancellor has announced the reduced 5% VAT rate for the tourism and hospitality industry will remain in place until March 31. This is great news for many Worcester businesses, and I am glad the government is taking action.”
“Measures such as the Job Support Scheme will give employers the support they need to protect employees jobs whilst navigating what is likely to be a difficult winter and provide a welcome benefit to many businesses within Worcester.”
The Chancellor of the Exchequer Rishi Sunak said:
“The resurgence of the virus, and the measures we need to take in response, pose a threat to our fragile economic recovery.”
“Our approach to the next phase of support must be different to that which came before.”
“The primary goal of our economic policy remains unchanged – to support people’s jobs – but the way we achieve that must evolve.”