Budget 2021: Kent business experts react
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Rishi Sunak has unveiled his 2021 Budget
The Chancellor s Budget has given businesses vital breathing space according to a leading business figure in the county.
Rishi Sunak unveiled his heavily leaked Budget in the Commons this afternoon with most businesses taking comfort from a range of measures designed to allow them to survive the lockdowns which have proven so financially devastating over the last 12 months.
Key announcements were the extension of the furlough scheme until December, an extension to the business rates holiday, and further grants for hospitality and non-essential stores forced to close.
Jo James, chief executive of the Kent Invicta Chamber of Commerce said: Without having a chance to see the detail in the red book, on the face of it the Budget appears to be generous in some areas and fair in others.
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Updated: 09:15, 01 March 2021
The Federation of Small Businesses has welcomed news the Chancellor is to issue £5billion of new grants to firms across England in a bid to help them survive - but warned more help is needed.
Rishi Sunak is set to officially unveil the new package of support for those hit hardest by the lockdowns when he delivers his Budget on Wednesday.
Chancellor Rishi Sunak will deliver his Budget in the Commons on Wednesday
She explained: It is an extremely challenging time for small businesses who have fought tooth and nail to stay afloat in the last year, so we are pleased that our calls for further cash grant support will be heeded.
FSB demands Rishi Sunak tackles challenges in Covid support to firms in March 3 Budget kentonline.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kentonline.co.uk Daily Mail and Mail on Sunday newspapers.