The British government announced on Tuesday that it’s offering a £4.6 billion ($6.2 billion) support package for businesses that have been hit hard by new CCP virus lockdown measures.
Under the new lockdown, people are instructed to work from home unless it is impossible for them to do so. All hospitality venues must remain closed as well as non-essential shops. Organised sports, both indoors and outdoors, are cancelled except for elite competitions.
Johnson laid the blame for the failure of previous measures on the emergence of a new CCP virus variant, which he said has a 50 to 70 percent faster rate of transmission.
Sunak said the new COVID-19 variant “presents us all with a huge challenge.”
“This will help businesses to get through the months ahead—and crucially it will help sustain jobs, so workers can be ready to return when they are able to reopen.”
The government is also providing local authorities and devolved administrations a further £594 million ($807 million) to support businesses that are not eligible for the grants but might be affected by the new lockdown measures.
The UK government has spent hundreds of billions of pounds on its response to the CCP virus pandemic, including the furlough scheme, support for the self-employed, tax cuts, and extra funding for schools and local councils.
He said at the time that the situation was “clearly unsustainable over the medium term,” adding that “we have a responsibility, once the economy recovers, to return to a sustainable fiscal position.”