Skip to main content

Admiral Group: Newport

Question for Wales Office

UIN 99377, tabled on 7 January 2022

To ask the Secretary of State for Wales, what recent discussions he has had with Cabinet colleagues on the impact of the Welsh-based financial services company Admiral closing its Newport office on the economy of Newport West constituency.

Answered on

17 January 2022

My ministerial colleagues and I regularly meet to discuss a range of topics, including the Welsh insuretech sector. Admiral is a household name that is founded in Wales and is very much rooted in Wales.

Like many other businesses, Admiral have made a business decision to close some of their offices to facilitate a hybrid-working model, in response to Covid-19. The UK Government will continue to support businesses, employees and families affected by Covid-19.

We have supported Welsh businesses and people throughout the pandemic, this includes the provision of £1.1 billion through the Self-Employment Income Support Scheme, £2.4 billion in business support loans and 474,000 employees supported through the furlough scheme.

Furthermore, the UK Government has reintroduced the Statutory Sick Pay Rebate Scheme to help small and medium-sized employers cover the cost of Covid-related sick absences, covering up to two weeks per employee.

Answered by

Wales Office