Chancellor Rishi Sunak under pressure to throw a £35billion lifeline to lockdown-hit high streets to save 500,000 jobs

RISHI Sunak is under pressure to throw a £35billion lifeline to lockdown-hit high streets. Struggling retailers want the Chancellor to offer a support package to protect 500,000 jobs and save shops and pubs from oblivion. The traders — also hit by the rise in internet shopping — are calling for the Budget on March 3 […]

RISHI Sunak is under pressure to throw a £35billion lifeline to lockdown-hit high streets.

Struggling retailers want the Chancellor to offer a support package to protect 500,000 jobs and save shops and pubs from oblivion.

Read our coronavirus live blog for the latest news & updates

Getty Images - Getty

Rishi Sunak is under pressure to throw a £35billion lifeline to lockdown-hit high streets[/caption]

The traders — also hit by the rise in internet shopping — are calling for the Budget on March 3 to include business rates being slashed, a freeze on town centre parking charges, and a five per cut VAT cut for in-store purchases.

They are also urging an extension for reduced VAT rates for pubs and restaurants, a new Eat Out to Help Out promotion, and a halving of alcohol taxes.

The list is in a report by the Independent Business Network, which champions the needs of family-run and owned firms.

Chairman John Longworth said: “Successive draconian lockdowns have decimated our ­hospitality and high street retail sectors.”

“The comprehensive £35billion package of measures we have set out is vital to saving our pubs, restaurants and high streets from financial ruin.

“We urge the Government to adopt these recommendations and save up to 500,000 jobs and countless family-run businesses from destitution.”

 

GOT a story? RING The Sun on 0207 782 4104 or WHATSAPP on 07423720250 or EMAIL exclusive@the-sun.co.uk