Small Businesses: Coronavirus

Treasury written question – answered on 22nd February 2021.

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Photo of Kevin Hollinrake Kevin Hollinrake Conservative, Thirsk and Malton

To ask the Chancellor of the Exchequer, what assessment he has made of the effect on SMEs of the covid-19 lockdown announced in January 2021.

Photo of Kemi Badenoch Kemi Badenoch The Exchequer Secretary

Throughout this crisis, the Government has sought to protect people’s jobs and livelihoods, while also supporting businesses and public services across the UK. To do this, the Government has spent over £280 billion to put in place an economic package of support which will provide businesses and individuals with certainty over the coming months.

In order to ensure that any decisions continue to meet the evolving challenges presented by Covid-19, the Government is working intensively with employers, delivery partners, industry groups and other Government departments to understand the impacts of COVID-19 and specific challenges facing UK businesses – including SMEs. That is why, in response to the latest national lockdown in January, the Chancellor announced £4.6 billion of further support to businesses on top of the measures adopted at our previous economic responses.

The Treasury remains committed to ensuring we take the right action at the right time to support individuals and businesses in every region and nation of the United Kingdom. We will continue to take a flexible approach and keep all restrictions and policies under review.

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