Connect with us

Hi, what are you looking for?

Investing

Businesses want say in planning way out of lockdown

Covid19 road layout

Business leaders have called on the government to work with them to plot the route out of lockdown.

England has been under strict rules since the beginning of January, with Boris Johnson said to be aiming to announce his road map towards easing restrictions by the week of February 22.

Businesses want advance warning from the government on whether their sectors will be among the first allowed to reopen and how any new tier system will work to allow them to plan. In a letter to Kwasi Kwarteng, the business secretary, the Confederation of British Industry, which represents 190,000 British businesses, said that the government must make clear which industries will be considered low, medium or high risk, while it called for clarity on whether local tiering would return and in what form.

“Businesses are currently completely in the dark when planning for the weeks and months ahead and this is hindering investment,” Tony Danker, director-general of the CBI, said. “We can provide more clarity and do the prep work now to enable them to plan for reopening and growth.”

The lobby group said it was not attempting to force ministers to set a re-opening date. “The roadmap would be date neutral, and rightly be driven by health data,” Danker added in his letter.

As part of the six-point roadmap, the business group urged the government to think about the next stage of the vaccination programme once the most vulnerable have been innoculated.

“We believe there are strong arguments for phase two of the rollout being done in a way that maximises the safe reopening of the economy, such as prioritising key enablers like schools, transport, and other key public services,” Danker said.

Leisure bosses last night called on the chancellor to extend cuts to value added tax for a year and have a business rates holiday for the next tax year.

“Put simply, hospitality is battling for survival,” Kate Nicholls, head of Hospitality, the industry lobby group, said. “Extending these measures would act as a critical revival system — saving many jobs and setting up the economy for much needed job creation.”

Read more:
Businesses want say in planning way out of lockdown

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

The Bank of the Philippines Islands (BPI) secured back-to-back awards from a multitude of notable local and regional awarding entities throughout 2022. These recognitions...

Investing

A glittering night of celebration for the UK’s 140 finalists of the Business Champion Awards. Over 300 guests filled the East Wintergardens in London’s...

Economy

THE PHILIPPINE government should take time to study the transport modernization program and execute it properly rather than rush the whole process, according to...

Economy

Shinagawa Healthcare Solutions Corp. is preparing to open a diagnostic and preventive care center in Bonifacio Global City (BGC) next month, the company’s president...

Economy

The Philippine government is planning to launch a retail dollar bond offering next month, Finance Secretary Benjamin E. Diokno said. “We plan to launch...

Economy

Fisherfolk, farmers, children, and individuals residing in rural areas remained the poorest sectors in 2021, according to the Philippine Statistics Authority (PSA). Preliminary estimates...

You May Also Like

Investing

Browsing history makes referring to sites and pages you’ve visited in the past seamless. It’ll help you recall what page you checked out on...

Investing

The minute that any question pops into your head, you can simply ask Google. No longer do we have to pour over books and...

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Investing

Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.