Mar 13, 2020
Five ways companies can get UK government help to deal with coronavirus
Rishi Sunak, the chancellor, focused on five measures to preserve cash and prevent insolvency among UK businesses. The government will not charge business rates, a property tax, on companies in the retail, leisure and hospitality sectors in 2020-21. The government is offering to underwrite loans to businesses adversely affected by the coronavirus outbreak. The Coronavirus Business Interruption Scheme will replace the Enterprise Finance Guarantee Scheme, under which the government guarantees debt to encourage lenders to give loans to companies that would otherwise be deemed too risky. Mike Cherry, chairman of the Federation of Small Businesses, welcomed the measures but cautioned that businesses might need more help.
Make a complaint about Budget by viewing their customer service contacts.