Business Support Guide: Autumn 2020

Rishi Sunak received widespread praise for his business support measures introduced following the onset of the coronavirus pandemic.

Many businesses and individuals have benefited from a range of schemes, including furlough grants for staff unable to work, grants for the self-employed, deferral of VAT and Income Tax payments and cheap, government-backed business loans.

With the economy still some way from getting back to normal and many businesses still unable to operate normally, if at all, the Chancellor has had to balance the need for further support this winter with concerns about the enormous borrowing that the government is taking on. The result is that there will be a range of new measures this winter but, overall, they will be much less generous than those previously introduced.

In this newsletter we explain what has been announced so far on these new business support measures.

For further advice or support you can contact our team on 01903 234094.