Covid: Chancellor announces £1bn fund for businesses

The caption is media.

The government's stance on any potential Covid restrictions this Christmas is discussed by Rishi Sunak.

The rise in Covid cases has led to a collapse in bookings in the England's hospitality sector.

The fund includes cash grants of up to $6,000 per premises for eligible firms.

The government would help certain firms with the cost of sick pay.

The chancellor made an extra £30m available to help theatres and museums.

He said that the new support recognised the situation many businesses faced in the run-up to Christmas.

Some businesses can apply for funding.

The chancellor wouldn't be drawn on whether there would be more help if more restrictions were announced, as ministers are under pressure to tackle the rapid rise of the Omicron variant.

There were a further 91,743 Covid cases reported across the UK on Monday, the second highest daily total on record.

The chancellor said he would respond proportionately and appropriately to the situation.

He thought the measures announced today were similar to the grants that were on offer when businesses were closed earlier this year.

He pointed out that there is support in place that will last through to next spring, including a reduced rate of VAT for the tourism and hospitality sectors.

He was challenged on whether he could rule out any more Covid rules before New Year, but he said the UK faced a very uncertain situation over Omicron.

Mr Sunak said that ministers were keeping the situation under review and that they were ruling nothing out.

Mr Sunak's announcement was described as a holding package by the Labour's shadow Treasury minister.

The support should have been announced last week when the government's Plan B measures were voted on.

He said that it happened after the chancellor was dragged back from California to focus on the plight of businesses and workers in the UK.

Shevaun Haviland, director general of the British Chambers of Commerce, said that the new support would provide respite to many firms affected by Covid measures, but warned that more could be needed if restrictions persist or are tightened.

She said that they were pleased that the chancellor heard their call for more grant funding for businesses in the leisure and hospitality industries.

Kate Nicholls, chief executive of UK Hospitality, said that her organisation had had constructive engagement and dialogue with the chancellor and other government ministers.

People are looking forward to spending the Christmas season with their loved ones after many missed out last year when restrictions were brought in just before Christmas.

Mr Johnson told people to think before they go out to socialize. Prof Chris Whitty, England's chief medical officer, told people not to mix with people they don't have to.

Fears over the spread of the Omicron variant has caused a collapse in bookings and reduced footfall at many hotels and leisure firms.

There is a lot of pressure on the government to make a decision on whether there will be further Covid restrictions in England.

Damian Grammaticas said it was unlikely that new restrictions would be enacted in England before Christmas.

He said that businesses in the entertainment and hospitality industries were facing critical decisions in the coming hours about whether to go ahead with events or not.

Two grant schemes administered by local authorities are the source of the government support being extended to businesses.

The new money announced by the chancellor made a total pot of £683m, which can be applied for by hotels and leisure firms.

Restaurants, bars, cinemas, and theatres can apply for a maximum grant of up to $6,000 for each of their premises.

The local council can give businesses outside of leisure and hospitality an additional restrictions grant.

Suppliers of leisure and hospitality businesses could apply for this money.

The Statutory Sick Pay Rebate scheme is available to businesses with fewer than 250 employees.

The UK's devolved administrations will receive over a hundred million dollars in Barnett funding to cover the three schemes.

Rishi Sunak is a person.
The industry of hotels.
A coronaviruses epidemic.