Night-time Economy: Coronavirus

(asked on 28th September 2020) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government what estimate they have made of the number of jobs that could be lost in the nighttime economy where employees may not qualify for the Job Support Scheme.


Answered by
 Portrait
Lord Agnew of Oulton
This question was answered on 13th October 2020

The Job Support Scheme will assist businesses facing reduced demand over the winter due to COVID-19 to retain their employees and keep them attached to workforce.

The Job Support Scheme is just one part of a wider package of support that will minimise strains on companies’ cash flow and help them meet fixed costs.

Alongside the Job Support Scheme, the Government’s support package includes Bounce Back Loans, business support grants, an extension to the VAT cut for the hospitality and tourism sectors, and the introduction of the Job Retention Bonus to encourage employers to keep their previously furloughed staff employed.

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