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.
