The absence of a cut to employer NICs or a job retention bonus is disappointing to see.
On the upside, ensuring the newly self-employed can now access the support they were shut out of marks a big step forward, and we’re pleased to see our campaign on this front has been heard.
Many were on the brink of winding up their businesses as a result of being unable to claim government aid.
Rishi Sunak (Image: PA)
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And more welcome help for those in retail, leisure and hospitality is here: a continued discount on business rates and a lower VAT rate.
SEISS and furlough extension ‘expected as protecting jobs will be ‘key theme of Budget Myriam Toua
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This year s Budget is sure to make the history books as it comes in the middle of a global pandemic and a huge economic fallout. This year s Budget will be delivered on Wednesday, March 3, and it usually starts at 12.30pm, straight after the Prime Minister s Questions in the House of Commons. The speech usually lasts an hour and lays out Chancellor Rishi Sunak s financial plans for the upcoming year. The Treasury has already said this year s Budget will set out the next phase of the plan to tackle the virus and protect jobs , but has so far remained tight-lipped about what this could actually entail.
200,000 business owners are under unimaginable strain, MPs warn Chancellor yorkshirepost.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yorkshirepost.co.uk Daily Mail and Mail on Sunday newspapers.
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England s business heartland is in the depths of its third lockdown of the pandemic and the outlook is bleak for the country’s smaller companies.
On Friday it was announced British retail sales suffered the largest annual fall in history in 2020 – dropping 1.9 per cent from 2019. Without a boost to government support schemes at least 250,000 of the 5.9 million small companies in the UK are set to close in 2021, according to the Federation of Small Businesses.
Entrepreneurs are hoping for relief from a £3bn scheme to help a million small business owners who pay themselves through dividends rather than salaries. A proposed Directors Income Support Scheme would pay sole directors up to 80 per cent of lost profits for three months, up to a ceiling of £7,500, offering a small boost for entrepreneurs, who have so far received nothing.