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UK business chiefs call for further support amid Covid debt mountains

Coronavirus – Tue May 25, 2021

UK business chiefs have warned MPs that a “generation” of firms could face collapse without further support, after piling up billion of pounds in debt during the pandemic.

Leaders in the UK’s hospitality, travel and retail sectors made a fresh plea for financial support measures and policy shifts at the Treasury Select Committee on Monday.

Mark Tanzer, chief executive of travel trade body Abta, told MPs at the committee that Government support has not been “adequate” for the impact of the pandemic on the UK travel sector.

He said: “The support measures that have been available have been appreciated, but at the margin and not adequate for the scale of the challenge the travel industry has faced and is facing.

“The summer season counts for two-thirds, we are in it, and no-one is travelling.

“The Government needs to recognise that the travel sector is in a class of its own regarding the pain it’s suffered really.

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