MPs call on Government to bail out ‘forgotten million’ people locked out of coronavirus support packages
MPs have called on the Government to bail out the ‘forgotten million’ people locked out of coronavirus support packages.
Ministers must do more to fulfil its promise of ‘doing whatever it takes’ to protect people and businesses, according to an interim report by the Treasury select committee.
Must do more: Prime Minister Boris Johnson’s Government has received criticism for its handling of the coronavirus pandemic
Among those who ‘continue to endure financial hardship’ are the newly employed, freelancers, self-employed people earning over £50,000, and directors of firms who take their income as dividends.
The committee’s chairman Mel Stride MP said: ‘Well over a million people…have lost livelihoods while being locked down and locked out of the main support programmes.
‘If it is to be fair and completely fulfil its promise of doing whatever it takes, the Government should urgently enact our recommendations.’
The warning came as forecasters at EY downgraded the UK’s GDP forecasts to an annual decline of 8 per cent in 2020.