What time is Rishi Sunak’s statement today and what will he say?

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Chancellor of the Exchequer Rishi Sunak is to make a statement in the House of Commons on Thursday morning, updating the rules around financial support for those under coronavirus restrictions.

Mr Sunak will unveil a new plan to help firms, particularly pubs and restaurants, who have seen their trade drop as a result of the social restrictions in the “high” Covid-19 category.

Currently, businesses in Tier 2 areas such as London and Birmingham do not benefit from the same Government aid as those in Tier 3, including business grants and higher wage subsidies, because they can remain open.

Mr Sunak will make a statement to the Commons on Thursday morning and the Telegraph reported he will unveil financial measures to help Tier 2 firms following complaints from industry leaders and MPs that thousands of jobs were at risk ahead of Christmas.

The Chancellor’s spokesperson told the PA news agency: “The Chancellor is due to update the House of Commons on the economic situation, in particular, and so far as it relates to the new restrictions.

“And, what we have always said is that our package of support is always flexible and always up for review to make sure that it is dealing with the situation as it evolves.”

In Tier 3, social mixing is banned both indoors and in private gardens, while pubs and bars must close unless they can operate as a restaurant.

For businesses in this band that are unable to legally operate due to Covid-19 restrictions, the government will pay employees 66% of their wage, with the employer still contributing to pensions and National Insurance.

Meanwhile, companies in Tier 2 can only claim on a scheme where employers have to pay around 55% of staff wages with a smaller subsidy from Government, while still being subject to bans on household mixing indoors.

Mr Sunak will make a statement at 11.30am from the Houses of Parliament.



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