Covid-19: Government Support for Business Debate
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Peter Bottomley
Main Page: Peter Bottomley (Conservative - Worthing West)Department Debates - View all Peter Bottomley's debates with the HM Treasury
Covid-19: Government Support for Business
Peter Bottomley Excerpts(2 years, 4 months ago)
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Sir Peter Bottomley (Worthing West) (Con)
The Minister has talked about some of the costs that will be reduced. The problem with the reduction of Christmas cheer, especially in the hospitality and entertainment industries, is revenues.
If I listen to my publicans, restaurateurs and hoteliers, I know they will want to hear after the meeting this afternoon how their revenues can be lifted, how they can treat their staff properly and how the loss of revenue from those events that cannot be postponed will in some way be made up to them. That is what matters most in most constituencies, including mine.
John Glen
I thank the Father of the House for his comments, and point out that there is £250 million of funds still to be given to businesses through the additional restrictions grants. Three out of four local authorities have between 5% and 40% of their funds unallocated. However, I recognise that this is a distinct new challenge, and that is why I and the Chancellor will be having meetings with representatives from the affected sectors this afternoon to see what more needs to be done.