RTI – Channel EYE channeleye.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channeleye.co.uk Daily Mail and Mail on Sunday newspapers.
BBC News
Published
image copyrightGetty Images
Small firms need more help to bridge an 18-day gap as Covid limits continue but financial support packages wind down, the Federation of Small Business says.
Restrictions were set to be lifted in England on 21 June but this was delayed for four weeks until 19 July.
However, a number of measures aimed at helping firms, such as a business rates exemption and deferred VAT payments, will end on 1 July.
A government spokeswoman said substantial support would remain.
The FSB, which represents small firms, is concerned that there will be a gap in financial provisioning that will put more pressure on businesses that are already struggling.
Advertisement
Business leaders are begging the Government to extend emergency financial support for cash-strapped firms which have no reserves left to cope with the crushing delay to the end of lockdown.
Ministers had promised to ease coronavirus restrictions which are devastating swathes of the UK economy including hospitality on June 21, but chose to delay the final easing amid rising virus cases.
Chancellor Rishi Sunak has spent more than £352billion during the pandemic so far - sparking concerns among the Tory backbench of rising debt, inflation and tax to meet the costs of shutdown.
The Federation for Small Business is warning there will be a gap in financial provisioning that will put more pressure on small firms that are already struggling, with many having budgeted to be able to trade from last week.
Hundreds of jobs related to coronavirus pandemic to be advertised via new website
The new website covers Coventry and Warwickshire
WOLVERHAMPTON, ENGLAND - MARCH 12: A NHS nurse holds a Coronavirus testing kit as she speaks to the media at a drive through Coronavirus testing site in a car park on March 12, 2020 in Wolverhampton, England. The National Health Service facility has been set up in a car park to allow people with NHS referrals to be swabbed for Covid-19. (Photo by Christopher Furlong/Getty Images)
Never miss another story from Coventry and Warwickshire by subscribing to our free email updatesInvalid EmailSomething went wrong, please try again later.