Andrew Gwynne, MP for Denton and Reddish, has welcomed the Government’s package to support business through the Coronavirus crisis but is calling on the Government to do far more to allay people’s economic fears.
The Chancellor, Rishi Sunak, today announced a package of measures to deal with the economic impact of Coronavirus. This included:
- £330 billion of Government backed loans to businesses
- Cash grants of £25,000 to small businesses without insurance
- 3 month mortgage holiday for some affected by Coronavirus
No measures have yet been announced for people who rent, employees who lose their jobs or the self-employed.
Andrew Gwynne said:
“I am very concerned about the impact that Coronavirus will have on small businesses across my constituency, particularly in the travel, hospitality and entertainment sectors as they are teetering on the edge right now.
“I therefore welcome the support that has so far been offered, but this is far from the ‘whatever it takes’ that the Chancellor and Prime Minister have promised and we need to see much more.
“Unfortunately, this press conference again left me with more questions than answers, and doesn’t give my constituents the level of certainty and reassurance that they need at this difficult time.
“In particular, we need to hear more about the support that will be offered to renters, the self-employed and those that lose their jobs as a result of this crisis. Measures like rent holidays and utility bill freezes would be very welcome.
“We need to come together as a country to deal with this issue and ensure that nobody is left behind.”