In an open letter to Boris Johnson and Rishi Sunak on Thursday, the Events Industry Alliance (EIA), an umbrella group for trade bodies, asserted that the industry would face mammoth job losses when the government’s furlough scheme finishes at the end of October. The letter has been signed by 334 companies across the events and exhibitions supply chain, as well as the Labour Party. The EIA calls for a tailored “events industry hibernation support package,” claiming that the chancellor’s new wage subsidy scheme is not applicable to businesses that are unable to operate.
The open letter comes in response to the government’s decision to end the Coronavirus Job Retention Scheme, which allows companies to place employees on paid furlough, and replace it with the Job Support Scheme, whereby the government subsidizes the wages of people in industries facing lower demand. The hospitality industry is likely to be hit hardest by this decision, as government coronavirus restrictions have prevented venues from reopening and businesses from trading.
Last week, Sunak announced his Winter Economic Plan, noting that the government would only support “viable” jobs and declaring that there was no bottomless pit of cash to prevent further unemployment. On Sunday, Labour accused Sunak of consigning more than one million jobs to the “scrapheap,” as his Job Support Scheme fails to protect jobs in the industries hardest hit by coronavirus restrictions.
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