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The government has banned new financial support for companies, including hospitality businesses and retailers who are facing the loss of essential Christmas supplies, despite the introduction of new coronavirus bans.
Business advocacy groups have called on the government to help reimburse the expected losses Boris Johnson’s new Covid-19 version in England, which includes home-based advice and the need for vaccine passports in order to secure a larger facility.
Many restaurants and restaurants have already said people have lost their jobs due to the new Omicron strain of coronavirus, and the need for cities and towns is expected to be further influenced by home-based guidance that goes into effect Monday.
Catherine McGuinness, head of policy at City of London Corporation, overseeing the country’s economic center, said: “Christmas has ended in many City shops, restaurants, shops and other businesses that rely on staff at nearby offices. . “
But Treasure officials said there would be no further support for businesses during the so-called Plan B ban in England The Prime Minister announced Wednesday. “There is already help available,” said one official, adding that this would change if other sanctions were imposed.
Until March next year, hospitality, leisure and retail companies can get business relief at 66 per cent, but up to $ 2m per business, while retailers are protected from extortion.
The additional value-added taxes levied by hospitality and tourism businesses were set at 12.5 per cent until April, when it should return at a rate of 20%.
Treasury said its Covid-19 business support package would continue by the end of next year and “we will continue to respond according to how the virus is changing, as we have done since the beginning of the epidemic”.
However, government support for companies is failing to meet the demands of the business community.
Ruby McGregor-Smith, president of the British Chambers of Commerce, said there should be “support for us to survive the winter without major damage to our economy”, including funding for companies affected by their assets. .
Emma McClarkin, executive director of the British Beer and Pub Association, a commercial group, said members estimated that Plan B restrictions could sell up to 30 percent.
“The government should not make decisions [on financial support] without monitoring the progress of the session. . . we do not know the details of how this will be done, ”he added.
A business group at UKHospitality called for relief from business finance, assistance, rent protection and VAT reductions. “Anything less can be dangerous,” says Kate Nicholls, chief executive officer.
In Scotland, where vaccination passports were introduced at nightclubs and major events in September, sales fell between 30 and 40 percent compared to 2019 and the venue had to pay an additional £ 559 a week due to a lack of additional home staff, according to Scotland. to the Night Time Industries Association, a trade association.
Alistair Storey, chairman of Westbury Street Holdings, which owns fast food company Benugo, said businesses in the city center would be heavily influenced by the government’s plan to work from home.
Nick Mackenzie, chief executive of Greene King, publishing group, said the advice “also emphasizes the need to support London and major cities”.
On Thursday, companies in England told workers they were expected to work from home from next week, although some things happen.
These included Deloitte and EY accounts, law firm Freshfields and Slaughter by May, bank NatWest and insurance Aviva.
However, Lloyd’s of London’s recording room should be open to do business as long as the government is working from home improvement.
The insurance market says the retail space is needed to support brokers and underwriters during the crucial December restructuring period.
The recording room is closed three times during the coronavirus, raising questions about the future of face-to-face events such as remote sales it is very stable.
“We are committed to supporting the market during the January 1 renovation period so that the recording room will be open to support the refinement that needs to be made face to face,” Lloyd’s said.
Additional reports by Michael O’Dwyer, Stephen Morris and Kate Beioley
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