Layla Moran has urged the Chancellor to bring forward the business contribution from August, and use the saved cash for the hospitality and tourism sector. Layla has labelled this a Business Rescue Fund to help sectors that have been crippled by the pandemic.
Businesses will have to pay at least a fifth of the wages of furloughed employees from August, it has been reported. But Layla believes if the scheme starts in July, the extra cash freed up to be put into a targeted fund to help the beleaguered hospitality and tourism sector. Layla has also urged the Chancellor this week to extend the self-employed scheme at the same time. Layla has also called for part of the fund to be kept aside to help businesses who might struggle to pay their staff due to the economic crisis.
Lib Dem MP Layla Moran said: “I’m urging the Chancellor to bring forward changes to the furlough scheme, in order to create a Business Rescue Fund to protect the most economically vulnerable, and to help the hospitality and tourism sectors that have been crippled by Coronavirus. Businesses have said that they are keen to support their staff, and this small change will make a massive difference. It is time to ask some businesses to help shoulder the burden, while also creating a safeguard to help those businesses which are in dire straits."