UK offers more than 5,000 million aid to companies for new confinement

The UK government has announced a new aid package of 4,600 million pounds (5,086 million euros) aimed at companies affected by the new restrictions imposed in the country, including 4,000 million pounds (4,423 million euros) in subsidies that they will benefit from around 600,000 tokens. hand, according to the UK Treasury Secretary and head of the Treasury, Rishi Sunak,

New assistance plan considers a . payments bestow complementary and extraordinary up to 9,000 pounds (€9,952) per property for retail, hospitality and leisure businesses to help these businesses survive into spring. Likewise, it will be rewarded with 594 million pounds (€657 million) discretionary funds to help other affected businesses.

“This new strain of virus presents us all with major challenges, and while a vaccine is rolling out, we must further tighten restrictions,” Sunak said, referring to Prime Minister Boris Johnson’s decision to impose at least until mid-February new strict confinement in the UK. and it will also be enforced in Scotland during the month of January.

“Today we announced a new cash injection to support businesses and jobs throughout the spring. This will help businesses get through the coming months and, most importantly, help keep jobs so workers can be ready to return when they can reopen,” the finance minister said. English.

In response to the Government’s announcement, the director of the British Chamber of Commerce, Adam Marshall, has indicated that while direct support to the company’s cash flows is welcome, “it will not be enough to save a lot of people”.

“We need to see a clear support package for the whole of 2021, not just another additional intervention,” he added, stressing that London must abandon the “drip feed” approach and implement a long-term plan that allows all businesses of all shapes and sizes to plan “and ultimately survive.” “.

In this regard, he argues that support should be sufficient to cover not only those at the forefront of retail, hotel and leisure, but also supply chain companies and the wider business community who are also feeling the ill effects of these restrictions.

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Roderick Gilbert

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