Chief Treasury Secretary Steve Barclay addresses the Commons.
The government is under increasing pressure to justify the lack of additional financial support for businesses affected by the postponement of the final easing of COVID restrictions in England until July 19.
Mr Barclay responded: “There is no doubt that the four week delay will pose additional challenges for businesses across the country. That is why we have erred on the side of budget support.
“We have extended our support well beyond the end of the roadmap. Most of our economic support programs run until September or after. “
It presents the different government programs in place to economically support people during the pandemic.
These include the leave scheme (job retention), paid leave for companies, the moratorium on evictions from empty business premises, the self-employment support scheme and the cultural revival fund.
The minimum living wage has also been increased and changes have been made to universal access to credit, he adds.
He describes it as a “global package” that will “save businesses and livelihoods”.
But he says the government will also introduce legislation that requires arbitration between commercial landlords and tenants who cannot resolve their COVID debt disputes.
Rachel Reeves of Labor responds by saying her party is not asking for “permanent support” for business, but a package that “fits the schedule of restrictions set by the government.”