Home Business NewsBusiness Sunak not expected to extend furlough despite businesses struggling

Sunak not expected to extend furlough despite businesses struggling

by LLB Editor
14th Jun 21 11:57 am

UK chancellor Rishi Sunak will not extend the furlough scheme, according to various media reports.

It comes as questions remain over whether Prime Minister Boris Johnson will allow reopening the economy completely on 21 June.

Sunak is also resisting calls to extend the business rates holiday that is also due to start being withdrawn at the end of the month.

Trade body UKHospitality chief executive Kate Nicholls said: “We recognise that the Chancellor has provided long-term support for the sector which extends into the recovery period, but there is no doubt that any extension to the restrictions will be challenging for sectors yet to open and those still trading at a loss to navigate.”

She added: “Among other measures, the Government must postpone business rates payments until at least October and extend the rent moratorium while a long-term solution is found.

“Businesses need a swift, publicly-stated commitment that such support will be in place in the event of any delays, giving them much-needed reassurance after more than 15 months of closure and severely disrupted trading.

“Hospitality is desperate to get back to what it does best and can play a key role in the economic recovery of the UK – but only if it is given the proper support.”

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