Rishi Sunak

Bira urges Sunak to extend business rates relief for full year

The British Independent Retailers Association (Bira) is appealing to Chancellor Rishi Sunak to extend the 100% business rates relief in England for a full year. The plea follows a decision by the government in Wales earlier this week to give retailers 100% rates relief until next March. In February, Scotland…

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Budget 2021: Chancellor unveils new £65bn support package

Chancellor Rishi Sunak has outlined a new £65bn support package in his March budget, confirming the decision to extend the furlough scheme until the end of September as well as new loan schemes of up to £10m for businesses. In what is Sunak’s second budget since he joined office in…

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Sunak to extend furlough scheme until September

Chancellor Rishi Sunak is expected to extend the furlough scheme until September as part of his March Budget which will be announced today (3 March). According to The Times, Sunak will state that the country is in a “moment of crisis” as he extends furlough for another five months, taking the support beyond the…

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Chancellor to unveil £5bn high-street support package

Chancellor Rishi Sunak is expected to offer over 700,000 retail, hospitality and other businesses grants of up to £18,000 as part of a £5bn rescue package to be included in his Budget speech on Wednesday (3 March). The new ‘Restart Grants’ will be directly distributed from local authorities from April…

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Sunak to delay review of business rates until autumn

Chancellor Rishi Sunak is set to reveal that he will delay a final report on the review of business rates until later this year.  According to The Financial Times, the delay of the report, which was set to consider the introduction of an online sales tax, comes as the chancellor…

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Chancellor considers adding furlough extension to March budget

Chancellor Rishi Sunak is reportedly considering another extension to the government’s Job retention Scheme (JRS) as it continues to try and mitigate the impact of covid-19 on the UK economy. According to Bloomberg, Sunak is considering a fifth extension to the furlough scheme that will cover roughly 5 million workers…

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Sunak looks to raise corporation tax in March budget

Chancellor Rishi Sunak is reportedly looking to raise corporation tax in the upcoming March budget to pay off the estimated £400bn borrowed by the UK throughout the pandemic. According to The Financial Times, the alleged move has sparked uproar among business owners who claim they are still struggling with the economic impact of Covid-19. However, it…

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Chancellor unveils £4.6bn in new lockdown grants

Businesses in the retail, hospitality and leisure sectors are to receive a one-off grant worth up to £9,000, the chancellor has announced. The news comes after the prime minister’s announcement that businesses will be closed until at least February half-term in order to help control the spread of Covid-19. This…

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Furlough scheme extended until April 2021

The furlough scheme has been extended until the end of April 2021 with the government continuing to contribute 80% towards wages to employee’s pay, Chancellor Rishi Sunak has confirmed today (17 December).  The government will also extend current government-guaranteed Covid-19 business loan schemes until the end of March.  This includes…

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Chancellor extends furlough scheme to March

Chancellor Rishi Sunak has announced that the furlough scheme will be extended until the end of March, amid increased measures for business support as the UK enters a four-week lockdown. Payments are set to remain at 80% of employee’s wages. It comes as the chancellor said that it was “right…

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