Mixed reactions to chancellor’s £1bn bailout for hospitality - business live

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12/21/2021 4:36:00 PM

Mixed reactions to chancellor’s £1bn bailout for hospitality - business live

Rolling live coverage of business, economics and financial markets

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Rishi Sunak pledges additional £1bn in financial support for COVID-hit hospitality sector with £6k grants for businessesBREAKING: Rishi Sunak has announced an additional £1bn in financial support for the hospitality and leisure sectors, with every business able to claim a one-off cash grant of £6,000. Read more: Nowhere near enough support. Far, far, more required if, as we all expect, further restrictions come in next week. We’ll be paying off these in taxes,inflation, rising costs and cuts till we are in the grave 🤦🏾‍♂️. Hi well said benefits should be more and no council tax for single parent

Rishi Sunak to unveil new support for hospitality and leisureChancellor Rishi Sunak was preparing an emergency support package for hospitality and leisure businesses hit hardest by the pre-Christmas collapse in trade caused by the surge in Omicron. Interesting RishiSunak because last August you created a campaign to “eat out.” That resulted in increase of inflation. You are right Chancellor for Britain. Maybe you might be more suited to a career change, investment banking? Took him long enough.. I’m Mike Weirsky, the lottery winner of $273m in NJ. I’m helping those who are in need with this money. Givers never lack.❤️

Rishi Sunak to announce bailout for hospitality hit by OmicronWe deserve compensation for government’s virus gloom, says pub boss

Rishi Sunak pledges additional £1bn in financial support for COVID-hit hospitality sector with £6k grants for businessesBREAKING: Rishi Sunak has announced an additional £1bn in financial support for the hospitality and leisure sectors, with every business able to claim a one-off cash grant of £6,000. Read more: Nowhere near enough support. Far, far, more required if, as we all expect, further restrictions come in next week. We’ll be paying off these in taxes,inflation, rising costs and cuts till we are in the grave 🤦🏾‍♂️. Hi well said benefits should be more and no council tax for single parent

One of UK's biggest Indian restaurants fears it can't survive another lockdownMr Hussain is calling for the return of furlough and further support, including assistance with business rates and a rent deferral

Omicron concerns dampen Christmas trading and weigh on markets – business liveRolling live coverage of business, economics and financial markets as key shopping week hit by concerns over spread of new variant Up yours, neoliberalism!

Many pubs, restaurants and bars are breathing small sigh of relief this lunchtime after Rishi Sunak unveiled a much-requested support package for businesses whose trading has been hit by soaring Covid cases amid the spread of the Omicron variant. The £1bn funding package is mostly aimed at the hospitality and leisure sector, where businesses have seen trade dry up in recent days as warnings over social mixing have seen customers cancel bookings and stay at home. Chancellor Rishi Sunak said the spread of the Omicron variant means businesses in the hospitality and leisure sectors are facing huge uncertainty, at a crucial time.\nThe bailout package consists of four elements: Grants for hospitality and leisure businesses in England, worth up to £6,000 per site. Further grants for businesses in England, worth £102m, intended to help businesss most in need. The resumption of the statutory sick pay rebate scheme, which will reimburse employers in the UK with fewer than 250 workers for the cost