Ibec Asks Government To Extend EWSS
Lobby and business representative group Ibec has written to the government asking it to extend the Employment Wage Subsidy Scheme (EWSS) beyond April 2022 at the rates that applied during previous waves of COVID-19.
As reported by rte.ie, Ibec is also seeking an extension of the commercial rates waiver for businesses impacted by COVID-19 pandemic-related restrictions into 2022.
Supports For The Hospitality Sector
The letter to the Taoiseach comes ahead of a meeting this evening (Tuesday November 23) of the Cabinet Sub Committee on Economic Recovery at which supports for the hospitality sector are reportedly due to be discussed.
Ibec reportedly said that ongoing supports are now required to preserve businesses and employment as a result of the latest public health guidelines impacting on the experience economy, which is made up of restaurants, pubs, nightclubs, events, retail tourism and other related sectors.
Ibec Chief Executive Statements
Ibec chief executive Danny McCoy reportedly wrote, "It is clear from the feedback we have received in recent days from our members that the public are heeding the public health messaging from Government and are adjusting behaviours, including reducing social contacts.
"We hope that this response will help address the most recent spike in COVID cases and reduce the pressure on our health system.
"Reduced socialising will also, however, have a damaging impact on the thousands of businesses in the Experience Economy which had only just begun to feel the benefits of recovery."
McCoy reportedly said that the impact of the latest restrictions will be particularly damaging for these firms as we enter the crucial Christmas period, and, "We know from the previous Covid waves, the measures that will work to help sustain this vital part of the economy and we ask you to again apply these supports in full."
Ibec is reportedly calling on the government to allocate as soon as necessary the €4 billion contingency fund identified in Budget 2021 to provide the supports.
Ibec reportedly wants Revenue to continue to take "a reasonable position" on debt warehousing, with the extension of the timelines to reflect any extension of restrictions.
Ibec is reportedly also seeking the extension of the COVID Restrictions Support Scheme (CRSS) for businesses impacted by the latest public health restrictions and reportedly wants ongoing low cost and long maturity state backed loan schemes to continue.
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