Yesterday the Health Secretary explained the government’s approach to the virus, going a long way to cut contacts between people to slow or prevent contagion. The measures mean the effective closure of a huge part of our economy in sport, leisure, culture, hospitality and transport.
There was no complementary statement from the Chancellor explaining how they will help the many businesses that will struggle as a result. Cash flow dries up with no customers. Many employees will be made redundant, and many businesses will fold.
We need the government to help, to prevent large scale loss of good businesses which will result from this policy. Individuals losing their job or their self employed work will need Income support. I asked about the scheme in yesterday’s blog in the Commons and got various MPs to voice the need for some such relief.
The media are saying we should expect a Statement from the Chancellor today. I hope it includes cash assistance to keep people in work, a business rate tax holiday for larger as well as the smaller businesses in the badly affected sectors, and income help for the self employed facing a big contraction in work and those losing their jobs.