Businesses across the UK are facing a “perfect summer storm” without plans to continue current levels of economic support if the roadmap out of lockdown is extended on Monday, Labour has warned.
Shadow Business Secretary Ed Miliband said that businesses have operated under “historic uncertainty” throughout the pandemic, only worsened by lack of clarity.
“Now once again, businesses are in the dark, with a perfect storm of financial pinch points brewing and no reassurance from government that economic measures will remain in step with possible changes to the roadmap,” he said.
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Restrictions on businesses such as night clubs and music venues are currently due to end on June 21. The government may push the opening date back by a number of weeks, however, due to an increase in infections and hospitalisations caused by the spread of the coronavirus Delta variant, first identified in India.
Quarterly rent on commercial properties is due on June 23 and from July 1 businesses will no longer be safeguarded from commercial evictions, placing further pressure on both hospitality and high street retailers.