Admiral Group: Newport

Wales Office written question – answered on 17th January 2022.

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Photo of Ruth Jones Ruth Jones Shadow Minister (Environment, Food and Rural Affairs)

To ask the Secretary of State for Wales, what recent discussions he has had with Cabinet colleagues on the impact of the Welsh-based financial services company Admiral closing its Newport office on the economy of Newport West constituency.

Photo of Simon Hart Simon Hart The Secretary of State for Wales

My ministerial colleagues and I regularly meet to discuss a range of topics, including the Welsh insuretech sector. Admiral is a household name that is founded in Wales and is very much rooted in Wales.

Like many other businesses, Admiral have made a business decision to close some of their offices to facilitate a hybrid-working model, in response to Covid-19. The UK Government will continue to support businesses, employees and families affected by Covid-19.

We have supported Welsh businesses and people throughout the pandemic, this includes the provision of £1.1 billion through the Self-Employment Income Support Scheme, £2.4 billion in business support loans and 474,000 employees supported through the furlough scheme.

Furthermore, the UK Government has reintroduced the Statutory Sick Pay Rebate Scheme to help small and medium-sized employers cover the cost of Covid-related sick absences, covering up to two weeks per employee.

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