News | Published March 18 2020

Government asked to do more to help renters during coronavirus pandemic

Following the introduction of plans to help companies the government is being asked to do more to help families and workers impacted by the coronavirus pandemic.

Rishi Sunak’s promise of £350 billion to help businesses, comprising of £330 billion in loans and £20 billion in other aid, has been criticised as the government have done little for renters and those working in the “gig economy”.

The £330 billion worth of loans will be available from next week and is to be used for businesses to pay for staff salaries, rent and for suppliers. This is equivalent to 15 per cent of the UK’s GDP.

Small businesses have been promised grants of between £10,000 and £25,000 and extended business rates have also been offered.

In Tuesday’s press conference, the chancellor and prime minister promised to do "whatever it takes" for the UK, in response to the spread of Covid-19 across the country.

Labour chairwoman of the Commons Business Committee, Rachel Reeves, said that the statement offered little assurance to those who were self-isolating, on statutory sick pay, or had been laid off.

Alok Sharma, the business secretary, said that support for renters would be offered "very shortly".

Current leader of the Labour Party, Jeremy Corbyn, has asked the government to ban evictions and to suspend rental fees during the coronavirus pandemic.

For those in financial difficulty due to the virus, mortgage lenders have promised a three-month “holiday”.

The government is still considering how best to help airlines who have been impacted by travel bans.

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Authored by

Alice Jaspars
Culture Editor
March 18 2020

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