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To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment his Department has made of the financial effect of the outbreak of covid-19 on businesses to date.
The Government is extremely well prepared for these types of outbreaks; we are taking all necessary precautions to protect the public, including engaging with industry and the business community to discuss their preparedness planning. We have been receiving regular information from our stakeholders and continue to work together to keep on top of the situation.
The Government is closely monitoring developments in relation to potential economic impacts on the UK economy, as well as individual businesses and supply chains. For individual businesses, the first port of call for advice and support should still be gov.uk and the Department is scaling up its Business Support Helpline so businesses of all sizes can pick up the phone for guidance.
The Department is also working with Her Majesty’s Treasury to actively look at ways to support businesses, especially small-and medium-sized businesses, through this temporary period of disruption.