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Covid-19: Business Interruption Insurance - Private Notice Question

Part of the debate – in the House of Lords at 3:10 pm on 17th March 2020.

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Photo of Lord Newby Lord Newby Liberal Democrat Leader in the House of Lords 3:10 pm, 17th March 2020

Does the Minister accept that businesses will hear the phrase “within weeks” with a chill running down their spine? This is intensely urgent. Within weeks businesses will be going bust. Even if the scheme comes in within weeks that does not mean that everybody who wants to benefit from it will get immediate support. Once a scheme is up and running, it takes time for everybody to benefit from it. Will the Minister take back to her colleagues that this is an intensely urgent issue, that a week has gone by since the Budget, that no further guidance appears to have been given, and that weeks and weeks simply will not cut the mustard as far as many thousands of businesses are concerned?