Rishi Sunak will offer shops and hospitality firms up to £18,000 to help high street travel agencies and other businesses reopen.
Speaking on Sunday’s Andrew Marr Show, Sunak said the scheme would “get them back on their feet”. Nearly 700,000 shops and other businesses will be eligible.
Ahead of the Budget, 83 MPs have signed a letter urging the chancellor to offer another 100% business rate holiday for all businesses during the next financial year.
In a letter to Sunak, the MPs argue the UK’s tourism industry is the sixth largest in the world, generating £155.4 billion for the economy, including £28.4 billion in export earnings.
