Source · Select Committees · Business and Trade Committee
Second Report - The impact of Coronavirus on businesses and workers: interim pre-Budget report
Business and Trade Committee
HC 1264
Published 26 February 2021
Government response
First Special Report - The impact of Coronavirus on businesses and workers: interim pre-Budget report: Government Response to the Committee’s Second Report of Session 2019–21 · published 19 May 2021
Recommendations & Conclusions
1
Conclusion
Acknowledged
Para 17
We commend the Government for moving quickly at the start of the pandemic to implement...
Conclusion
We commend the Government for moving quickly at the start of the pandemic to implement novel and wide-ranging financial support schemes. We welcome these measures, which have delivered unprecedented levels of financial support to individuals and have shielded vast numbers …
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Government Response Summary
The government thanked the committee for the report and acknowledged the challenging circumstances of the pandemic, reiterating its role in providing unprecedented financial support measures for businesses.
Department for Business and Trade
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17
Conclusion
Acknowledged
Para 62
Throughout the pandemic the Government has attached expiry dates to support measures, which have since...
Conclusion
Throughout the pandemic the Government has attached expiry dates to support measures, which have since been found to be premature. In most cases, the measures have ultimately ended up being extended, which is undoubtedly the correct decision. In the early …
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Government Response Summary
The government acknowledges the need to review current measures and continue supporting businesses, but does not commit to a specific long-term strategy or avoiding future 'cliff edges' as highlighted by the Committee.
Department for Business and Trade
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18
Conclusion
Acknowledged
Para 63
As of mid-February, with weeks to go before many support measures expire, the Government has...
Conclusion
As of mid-February, with weeks to go before many support measures expire, the Government has not yet set out which measures will be extended. We understand that the specific course of the pandemic is inherently uncertain, and new restrictions may …
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Government Response Summary
The government provides a generic response stating it will continue to review current measures and support businesses, without offering the broad assurances or specific details on extensions that the committee hoped for.
Department for Business and Trade
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