Part of Treasury – in the House of Commons at on 15 September 2020.
As the House will be aware, in recognition of the extreme disruption caused by the pandemic, the Government have delivered one of the most generous and most comprehensive packages of support around the world. That response is so far totalling close to £200 billion. In addition to affordable Government-backed loan finance, the job retention scheme and deferred VAT, retail businesses have also received specific support, including a 12-month business rates holiday for all eligible retail businesses in England and retail, hospitality and leisure grants worth £10,000 or £25,000.