Home Business News Labour blasts Sunak’s £1bn bail out as nothing but a ‘holding package’ after he was ’dragged back from California’

Labour blasts Sunak’s £1bn bail out as nothing but a ‘holding package’ after he was ’dragged back from California’

22nd Dec 21 7:26 am

Shadow Treasury Minister Pat McFadden has blasted the Chancellors new Covid support for businesses and said it is simply “a holding package.”

This comes as Rishi Sunak announced on Tuesday that he will provide the hospitality and leisure sectors with a £1bn additional financial support package.

McFadden said that is just a “holding package from a government caught in a holding position.”

Shadow Treasury Minster said, “The prime minister is a prisoner of divisions inside his party and within the Cabinet about whether any further measures are needed and whether they will get past Tory backbenchers. That is not the way that crucial public health decisions should be taken.

“Labour has been calling for an economic support plan for businesses affected by a wave of pre-Christmas cancellations. Support is welcome to see but we will be going through the details of this announcement to see which business and workers are included and excluded.

“Business support should have been announced when the Plan B changes were voted on last week but it has only happened after the Chancellor was dragged back from California to focus on the plight facing businesses and workers here in the UK.

“The real question after yesterday’s indecisive Cabinet meeting is what will happen next, when will the country be informed of that, and will support for businesses and workers be placed alongside any further public health measures that might be announced.”

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