Stuart Gentle Publisher at Onrec
15 Mar 2021|
Contractor Umbrella News: Government urged to extend business rates relief
With the UK’s smaller sized firms set to see their business rates bills reimposed, the government is being urged to extend this to 2022 in order to help those struggling financially during the pandemic.
The FSB is also calling on the government to help by increasing the number of SMEs who are able to claim business rates relief by moving the threshold to £25,000 and establishing a revenue test, so business rates relief is extended to those within the supply chain who have been affected by the pandemic.
The U.K.’s finance minister Rishi Sunak is set to spend billions of pounds in extra support for the economy over the next four months, as pandemic curbs pushed unemployment to its highest level in almost five years.
The U.K.’s finance minister Rishi Sunak is set to spend billions of pounds in extra support for the economy over the next four months, as pandemic curbs pushed unemployment to its highest level in almost five years.
Sunak Plans More Covid Aid for U K as Unemployment Climbs msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
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Health secretrary Matt Hancock says the measures are necessary
While business groups understand the need to protect the public from the coronavirus they are increasingly concerned how stop-start trading is affecting thousands of livelihoods.
They have again called for suport packages to be strengthened.
Babs Murphy, Chief Executive of the North & Western Lancashire Chamber of Commerce said: “Whilst we accept the government must act in the best interest of public health, it must also address the economic consequences of its actions. The Chancellor must act with the utmost urgency to help businesses who have been forced to either shut their doors , paid for stock they now can’t sell and whose cash flow projections have once again been thrown into chaos.