Source: Labour List UK
Anneliese Dodds has criticised the government for “always running to keep up” after the Chancellor used his third economic update in a month to unveil more financial support for businesses in the second coronavirus wave.
Rishi Sunak told the House of Commons this morning that the government would be offering a new grant scheme for businesses under Tier 2 restrictions. The distribution of the grants will be decided by local authorities.
The Tier 2 grants will be equal to 70% of the support currently available to businesses in Tier 3 areas, the Chancellor said. They will also be retrospective, with businesses able to backdate grants to August.
The retrospective aspect will be widely seen as a victory for mayors including Andy Burnham, who have complained that areas in the North of England and Midlands have been under Tier 2 for months without extra support.
Sunak told MPs that enough funding will be provided for every business premise in the hospitality, leisure and accommodation to be given a direct grant worth up to £2,100 for every month under Tier 2 rules.