Meeting of the Parliament (Hybrid) 28 January 2021
I know that businesses need as much advance notice as possible to make decisions for the next financial year and that is why, although I have been clear that we cannot afford an extension without the UK Government doing something similar for a year, I have used every penny at my disposal to at least provide an initial three-month extension, with the reassurance that, if there is a further extension by the UK Government, I will follow suit. However, businesses cannot wait until 3 March to know about that extension and to have that certainty, as that would leave them only a matter of weeks before the end of their financial year. Therefore, although with this decision we go as far as we can, I strongly urge the chancellor to give that certainty to businesses now and not to delay or dither as he has done so often on extending furlough.