Labour Party calls for UK Hospitality and High Street Fightback Fund

FORMER Labour Party leader and now Shadow Business Secretary Ed Miliband has called for the UK Government to stand up for businesses.

He wants to see a commitment that those hit by unexpected Tier 4 restrictions have access to the economic support they need to survive through a Hospitality and High Street Fightback Fund.

Almost 175,000 businesses in Tier 4 areas across London, the South East and the East of England have been rocked by last-minute instructions to close, including more than 13,000 hairdressers,8,600 gyms and more than 45,000 retail businesses that will have stocked up or taken bookings for the crucial Christmas trading period.

Currently the vast majority of businesses are only able to access an emergency cash grant worth around half or a third of the support on offer during the national lockdown in March.

Labour has called for the £2 billion (€2.2 billion) recently returned to the Treasury by supermarkets in unneeded business rates relief to be urgently redeployed into a Hospitality and High Streets Fightback Fund to help struggling businesses on the high street and those excluded from support.

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Written by

John Smith

Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica. Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene. Share your story with us by emailing [email protected], by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews

Comments


    • graham poulloin

      23 December 2020 • 23:07

      I’m no free marketeer but the high street and pubs have been in decline for years. What to do with the empty shop space?

      Reply

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