Monday 3 August 2020 / 2:07 PM Business / Lucy Powell

Lucy Powell reacts to HSBC and DW sports job losses

Lucy Powell MP, Labour’s Shadow Minister for Business and Consumers, commenting on the announcement of 35,000 job losses globally at HSBC, and news of DW Sports entering administration threatening 1,700 job losses, said:

“We are seeing a wave of job losses across the high street which is not just a tragedy for the individuals and families concerned but underlines the real challenges facing retail, hospitality and leisure in our towns and cities.

“With many businesses struggling, Boris Johnson’s jobs squeeze threatening those still on furlough in fully and partially shut down sectors, and the lack of support for areas facing local lockdowns, it’s vital that Ministers step up. That’s why Labour has called for a flexible furlough and a Hospitality and High Street Fightback Fund to support businesses and workers in areas and sectors in distress.”