Chancellor Rishi Sunak unveiled the scheme in April to provide quick loans of up to £50,000, or a maximum of 25% of annual turnover, to small businesses during the pandemic. “Government will need to ensure that robust debt collection and fraud investigation arrangements are in place to minimise the impact of these potential losses to the public purse. UKHospitality chief executive Kate Nicholls warned pubs, clubs and restaurants will lose "far" more than half a million jobs by Christmas unless Mr Sunak announces a new support scheme. She told MPs the 10pm curfew, local lockdown restrictions and inadequate government support will tip stricken venues over the edge. But Chancellor Rishi Sunak insisted local lockdowns were working – and the alternative was national restrictions.

Source: Daily Mirror October 06, 2020 23:01 UTC