Sunday, October 11, 2020

Edinburgh Woollen Mill Group at risk of collapse shows need for furlough extension

Responding to reports that Edinburgh Woollen Mill Group, which incorporates the Cardiff-based Peacocks, is at risk of collapsing after it filed a notice to appoint administrators, Liberal Democrat Treasury Spokesperson Christine Jardine said:

"The fact that thousands of jobs are at risk as Edinburgh Woollen Mill Group faces collapse clearly underlines the extent of the challenge to businesses across the UK and to all of those struggling to get by.

"Rishi Sunak cannot simply dismiss those struggling as not viable, and pretend that somehow the economy is on anything like a path to reopening. 

"The Chancellor must announce today a guarantee of more support for those who desperately need it, including extending furlough until next June and broadening it to support everyone. If the Government doesn't roll out more support these job losses will just be the beginning of what's yet to come."

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