Responding to the HM Treasury announcement that the existing ban on commercial evictions will be extended until March 2022, Dr Roger Barker, IoD’s Director of Policy, said:
“Whilst this will be welcomed by businesses right across the country, the Treasury must go further.
“This is only one element of the cliff edge that we have been calling on government to address. At the end of this month businesses will still face the tapering off of furlough and business rates relief, and the suspension of wrongful trading liability.
“During most of the pandemic, government has followed the principle that business support measures must run in parallel with public health restrictions. The prudent move would be to commence the tapering down process on the other side of lockdown, after and not before 19th July.
“The government must hold its nerve and push out its business support measures until the job is properly done.”