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Aviation: Coronavirus

Treasury written question – answered on 25th March 2020.

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Photo of Tan Dhesi Tan Dhesi Labour, Slough

To ask the Chancellor of the Exchequer, whether his package of support to airlines and airports will also include support for businesses that rely on the normal operation of airports and airlines.

Photo of Steve Barclay Steve Barclay The Chief Secretary to the Treasury

A range of measures to support all businesses has been made available. These include the Coronavirus Business Interruption Loan Scheme, allowing businesses to benefit from loans of up to £5m, with the first 12 months of that finance interest free, and the Coronavirus Job Retention Scheme to help keep people in employment. This scheme means businesses can put workers on temporary leave and the government will pay them cash grants of 80% of their wages up to a cap of £2,500, providing they keep the worker employed. They will receive the grant from HMRC, and all UK organisations can self-certify that it has furloughed employees. The scheme will cover the cost of wages backdated to March 1st.

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