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24
Sept 2020
Hospitality owners in Harrogate have welcomed further help from Chancellor Rishi Sunak after he outlined billions of pounds' worth of measures for the winter.
Mr Sunak announced an extension to VAT cuts for hospitality, a wage subsidy for part-time workers and more loans for struggling businesses.
Outlining his plans to the House of Commons today, he said the measures were designed to “protect jobs and the economy over the winter period”.
Among the announcements was a decision to subsides wages of workers who work shorter hours. The government will top up wages for workers covering up to two-thirds of their hours for the next six months.
Ms Wilson added that further support would be welcomed as B&Bs have seen trade affected by cancellations in conferences, exhibitions and events.
Further measures will also see the VAT cut for the hospitality sector extended until March. Amid the pandemic, the government cut the rate to 5% to support those in the hospitality and tourism sector.
Peter Banks, managing director at Rudding Park Hotel and Spa, said the measure would be useful but should be targeted at businesses which are struggling.
He said:
Mr Sunak told MPs that loans to support struggling businesses would be extended into November and offer terms of up to 10 years to reduce monthly payments.
Grants for the self-employed will also be offered into the winter.
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