Covid-19: Business

Part of the debate – in the House of Commons at 2:01 pm on 12 May 2020.

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Photo of Alok Sharma Alok Sharma The Secretary of State for Business, Energy and Industrial Strategy 2:01, 12 May 2020

I understand that the hospitality, leisure and retail sectors face a particular challenge right now. The Prime Minister has set out a road map for how we might get to opening them, but we have to keep a tight grip on the R factor. The hon. Gentleman will know that there is a one-year rates holiday for businesses of all sizes in the sectors he is talking about. I hope that businesses will also take advantage of the loan schemes, particularly the Bounce Back scheme.