Business: Coronavirus

(asked on 18th May 2020) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government when they will provide greater clarity on their plans for the phasing out of current emergency financial measures and the phasing in of any further support measures, so that businesses and organisations have time to assess the implications and plan accordingly.


Answered by
 Portrait
Lord Agnew of Oulton
This question was answered on 2nd June 2020

As the economy re-opens, we are looking at how to adjust our support in a way that ensures people can get back to work, protecting both the UK economy and the livelihoods of the British people.

On the Coronavirus Job Retention Scheme, the Chancellor has been clear that getting people back to work will be introduced in a measured way, avoiding a cliff edge. The scheme will run in full until July. We will then introduce more flexibility so that we move out of the scheme in a measured way that protects people’s incomes and helps support furloughed employees as they return to work. This will run for three months from August through to the end of October.

The Government will continue to monitor developments to understand the impacts of COVID-19 on individuals and businesses.

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