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Rishi Sunak faces pressure to announce fresh emergency support package

Chancellor Rishi Sunak is faced with pressure to announce a fresh emergency support package for businesses and workers following tough Covid-19 restrictions. Shop owners are fearful of a new crisis on the High Street after London and the south-east was plunged into Tier Four in the run-up to the busy Christmas period. Chief executive of the British Retail Consortium Helen Dickinson said the effect of closing non-essential retail in Tier Four will be severe and the High Street now faces losing £2billion in sales for the third time this year.  Chancellor Rishi Sunak is faced with pressure to announce a fresh emergency support package for businesses and workers following tough Covid-19 restrictions

£7bn blow to Christmas shops

High streets in Tier Four face a £7billion nightmare after having to suddenly pull down the shutters at the busiest time of the year. The huge sum could be lost in takings for the Christmas week through to the Boxing Day and January sales after new Covid restrictions were imposed. It is feared thousands of stores ordered to close will never re-open, putting many thousands out of work. The closure of non-essential shops, gyms, hairdressers, nail bars and department stores in London and the South East at midnight on Saturday after just a few hours’ notice has been a hammer blow.

Retailers call for urgent Covid aid for businesses in south and east of England

Regent Street in central London on Sunday. Photograph: Stefan Rousseau/PA Retailers are calling on the government to step up financial support for businesses in the south and east of England which have been forced to close in the last days before Christmas. The prime minister announced on Saturday afternoon that non-essential shops and services, including clothing, toyshops, electrical goods outlets and hairdressers, would have to close from midnight under new tier 4 restrictions. As a consequence thousands of outlets in the south including London, Kent, Hertfordshire, Berkshire and Surrey will be left with piles of unsold stock. After a grim year for the high street, many retailers were relying on a last-minute rush to stores at what is normally the busiest trading period of the year. With the deadline now past for when most online retailers can deliver to homes before Christmas Day, shoppers usually turn their attention to th

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