UK business secretary admits need for more loanspublished at 11:29 British Summer Time 23 April 2020
UK Business Secretary Alok Sharma has been speaking to the Commons Business Select Committee this morning. Here are some of the lines to emerge so far:
- Pressed on why other countries had given out more loans to businesses, Mr Sharma said it was important to look at the “totality” of the support the UK was offering, but acknowledged the need to “get more loans out there”
- He also said he would look into introducing temporary measures to ease commercial rent demand within the next week, aware that some landlords were “putting undue financial pressure with aggressive debt recovery tactics"
- Following reports some pregnant women had been dismissed or asked to take unpaid leave because of the pandemic, Mr Sharma said guidance was clear that they could be furloughed and, if they met the criteria, “there’s no reason why they shouldn’t be”