In one of the most significant peacetime budget announcements, the Government set out an additional £65m support and emergency relief package to help businesses and households challenged by lockdown and the pandemic.

Key highlights:

  • Restart grants available for non-essential retail and businesses closed during the lockdown
  • 6-month extension to the employee furlough scheme
  • Extended business rate holiday period
  • Near term tax breaks to drive business investment and increased productivity

Providing a range of benefits for small businesses through to large corporations, the budget will be instrumental in restarting sectors critically impacted and a platform for investment and innovation.

To discuss how the budget update relates to your current insurance arrangements, please contact us and a member of our team will be in touch.

Download the Budget Guide