Retail Businesses: Financial Support
Debate between Lord Callanan and Lord Loomba
Monday 21st September 2020
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(4 years, 3 months ago)
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Lord Callanan (Con)
Insurance cover is a matter of commercial contracts between providers and the insured; it would not be right for us to interfere in a contract that was lawfully made. My noble friend will understand that I am unable to comment on the possibility of any curfews at the moment.
Lord Loomba (CB) [V]
My Lords, as the pandemic continues to progress and more restrictive measures to counteract it are being considered, what assessment have the Government made of the long-term viability of financial support to help businesses survive for longer periods?
Lord Callanan (Con)
The noble Lord will be aware that, by 16 August, the Future Fund to help businesses had supported 590 investments with a total of £588 million.