blog header image

Posted : 11 Sep 2020 at 13:24:39
Category: News

Share this article

Business tycoon Lord Alan Sugar today urged Brits to “put on a suit, put on a dress and get back to work” amid rising calls to kickstart the faltering economy.

Speaking to LBC radio, Sugar said people’s resilience meant “they get back, they recover, they get over it”.

“If you do the right things which is what my wife, my children, my families and employees have done, thankfully we’re insulated from it,” he said.

 The Apprentice boss also championed the benefits of working in an office environment.

“You don’t realise how many questions and answers that you actually answer during the course of the day when you’re in the office.”

Read more: Exclusive: Bank of England spends £120,000 making HQ Covid-secure

Sugar joins a chorus of voices warning of the damaging effects not returning to work could have on the economy.

Earlier this week, foreign secretary Dominic Raab said “the economy needs to have people back at work” as the coronavirus pandemic shrunk growth figures.

Meanwhile, the latest research by accountancy firm PwC showed that home working could cost the UK up to £15.3bn a year due to footfall drop in city centres and fewer employees at work.

Read more: Home working could cost UK economy £15bn a year, PwC warns

But the business guru received backlash for his comments this week calling for an immediate return to work.

One user tweeted: “Multi-millionaire Lord Sugar on This Morning telling everyone to get back to their offices. A man who ‘commutes’ via chauffeur driven cars and can afford luxury houses near his workplaces. Seems to be the new 2020 thing: rich people telling everyday folk that they’re to blame.”

Lord Sugar famously revealed his HMRC records from January 2017 on Twitter, paying more than £58m in tax.

nd in April 2019, he tweeted: “Only paid hundreds of millions in personal and corporate tax to help provide you with the NHS,” in a response to one user accusing him of being in it for himself.

Meanwhile, the government faces mounting pressure from MPs and various industries to extend the furlough scheme which is due to end on 31 October.

Read more: Manufacturers warn of ‘second wave’ of job cuts without furlough extension

The treasury select committee has warned chancellor Rishi Sunak that ending the furlough scheme risks considerable long-term unemployment.

Chairman of the committee Mel Stride said: “The chancellor should carefully consider targeted extensions to the Coronavirus Job Retention Scheme and explain his conclusions.

“The key will be assisting these businesses who, with additional support, can come through the crisis as sustainable enterprises, rather than focusing on those that will unfortunately just not be viable in the changed post-crisis economy.

“This requires a very difficult set of judgements; it is where careful analysis and creative thinking will be critical.”

SIMILAR NEWS

blog header image
NEWS
LOCAL LOCKDOWN GRANT SUPPORTS BUSINESSES FORCED TO CLOSE

New grants worth up to £1,500 will be available every three weeks to businesses required to close due to local lockdowns or targeted restrictions. The new grants come as the government ...

blog header image
NEWS
CITB TO REMOVE 5,000 SMALLER CONTRACTORS FROM LEVY SYSTEM

Around 5,000 smaller construction companies will not have to pay any levy to the CITB next year. The training body is raising its Small Business Levy Exemption threshold for employers with wage b ...

blog header image
NEWS
540 JOBS LOST AFTER NATIONWIDE ACCIDENT REPAIR SERVICES GOES INTO ADMINISTRATION

The repairer was sold to RunMyCar, keeping 80 sites open but resulting in the closure of 30 more. Nationwide Accident Repair Services has collapsed into administration, along with a number of its subs ...

blog header image
NEWS
VIRGIN ATLANTIC TO CUT ANOTHER 1,000 JOBS AFTER £1.2BN RESCUE DEAL

Virgin Atlantic is said to be preparing a further 1,000 job cuts, hours after securing approval for a £1.2bn rescue deal. The airline, founded by Sir Richard Branson in 1984, will announce the l ...

blog header image
NEWS
SELF EMPLOYED .. WHAT CAN I CLAIM AS EXPENSES?

If you're self-employed, you will have various running costs. Some of these expenses you can deduct on your tax return as allowable expenses. Allowable expenses do not include money taken from your bu ...

blog header image
NEWS
CHANCELLOR ORDERS REVIEW OF CAPITAL GAINS TAX

The chancellor has commissioned a review of Capital Gains Tax (CGT) to examine how gains are taxed in comparison to other types of income. The office of Tax Simplification (OTS) will undertake the rev ...

business-directory Business Directory
smartbusinessdirectory Payroll Services Business Directory
truebusinessdirectory payroll-services Directory
payroll-services Directory