Free Trial

Chancellor: Grants For Hospitality Sector Hit By Tier 2 Restrictions

UK

Chancellor Rishi Sunak on new support for businesses and individuals hit by Tier 2 and 3 COVID-19 restrictions:

  • "Even business that remain open face profound economic uncertainty."
  • "Impact on hospitality of restrictions worse than they [business leaders] had hoped...fall in demand causing profound harm"
  • First measure: New grant scheme for businesses hit by tier 2. Local authorities can distribute cash grants to businesses hit. Enough funding to give every business up to GBP2,100 for each month of tier 2 restrictions for hospitality. These are retrospective and backdated to when the area went into tier 2

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.