UK Offers 1 Billion Pounds to Firms Hit Hardest by Omicron

UK Offers 1 Billion Pounds to Firms Hit Hardest by Omicron
Britain's Chancellor of the Exchequer Rishi Sunak speaks during the UN Climate Change Conference (COP26) in Glasgow, Scotland, on Nov. 3, 2021. Yves Herman/Reuters
Reuters
Updated:

LONDON—Britain announced on Tuesday 1 billion pounds ($1.3 billion) of extra support for businesses hit hardest by the wave of Omicron variant coronavirus cases, which is hammering the country’s hospitality sector and other businesses.

Finance minister Rishi Sunak said he was confident the measures would help hundreds of thousands of businesses. But he added that he would “respond proportionately and appropriately” if the government were to impose further restrictions to slow Omicron, which would further hit the economy.