Business groups' mixed reaction to Chancellor's mini-budget

Business bosses have had their say on the Chanvelor’s efforts to get the UK economy moving after lockdown.

Wednesday, 8th July 2020, 5:42 pm
Updated Wednesday, 8th July 2020, 5:43 pm

In his mini-Budget today, Chancellor Rishi Sunak unveiled a range of measures aimed at protecting jobs and encouraging people to spend, including an extension to the furlough scheme, providing additional funding for apprenticeships and a “Kick Start” scheme to help young people to find work.

And he announced everyone in the UK will receive an “Eat out to Help Out” discount during August to boost the hospitality sector, with customers eating a meal at any participating business, Monday to Wednesday throughout August, entitled to a discount of up to £10 per head.

Read More

Read More
Here's everything we know about the Government's 'Eat Out to Help Out' vouchers

Sign up to our daily newsletter

The i newsletter cut through the noise

Sharon Appleby

Sunderland Bid’s Sharon Appleby welcomed the idea: "The hospitality industry has been one of the hardest hit during lockdown and even though restaurants and bars have been allowed to re-open, the impact of social distancing has meant they are operating at a much smaller capacity.

"The fact that the Government has initiated a scheme which will incentivise people to eat out in local cafes, bars and restaurants is great news and will hopefully give the industry a much needed boost.

"We now really need to encourage people to take advantage of these vouchers and give their continued support to our hospitality sector, but also to remain mindful that it's still very important that they do this in a safe way and continue to abide by the rules."

But North East England Chamber of Commerce assistant director of policy attacked the Chancellor’s statement for a lack of long-tem clarity: “We continue to be dismayed at the lack of detail when it comes to long-term action to ‘level up’ regions such as ours,” he said.

Jonathan Walker

“It was good to see the Chancellor acknowledge how hard the impact of the pandemic has been, and will continue to be, on young people.

“Getting people spending in our great hospitality and leisure businesses is essential, but we would like to see specific support to help them become as safe and resilient as possible.

“The Chancellor’s Statement is too short on long-term strategy. With business confidence extremely fragile we cannot afford to wait too long for action.”

A message from the Editor:

Thank you for reading this story on our website. While I have your attention, I also have an important request to make of you.

In order for us to continue to provide high quality and trusted local news on this free-to-read site, I am asking you to also please purchase a copy of our newspaper.

Our journalists are highly trained and our content is independently regulated by IPSO to some of the most rigorous standards in the world. But being your eyes and ears comes at a price. So we need your support more than ever to buy our newspapers during this crisis.

With the coronavirus lockdown having a major impact on many of our local valued advertisers - and consequently the advertising that we receive - we are more reliant than ever on you helping us to provide you with news and information by buying a copy of our newspaper.

Thank you

How to subscribe to the print edition

It’s easy to subscribe to your local newspaper. We have arranged a special 20 per cent off subscription offer for people to take advantage of. Visit www.localsubsplus.co.uk, choose the newspaper title, the type of subscription and enter your details.