U.K. Plc Greets Sunak Plan With Relief, Demands for More Action

Some of the hardest-hit sectors say more help is needed
More flexible loan terms helpful for cash-strapped firms

Rishi Sunak on his way to present his ‘Winter Economy Plan’ at Parliament in London on Sept. 24.Photographer: Simon Dawson/Bloomberg

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By Andrew Marc Noel, Deirdre Hipwell, and Siddharth Vikram Philip

September 24, 2020 at 10:30 AM EDT

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A U.K. government pledge to top up wages for targeted industries suffering from Covid-19 brought a measure of relief to businesses, even as some of the hardest-hit sectors, from pubs to airlines, said more is needed.

Chancellor Rishi Sunak’s plan will subsidize the wages of people working part time, extend loans for companies hit by the virus and keep the value-added tax at 5% to bolster the beleaguered hospitality and tourism industries.

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