Next chief executive Lord Wolfson has called on the government to introduce income support measures as employment is threatened by the coronavirus outbreak.
Wolfson welcomed the government’s financial programme so far in response to the pandemic, which includes a 12-month deferral of business rates for industries including retail.
However, he believed urgent action was needed to underpin income as downturns in sectors such as aviation and hotels, as well the need for people to self-isolate, bring the prospect of large-scale job losses and loss of earnings.
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