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The Chancellor Rishi Sunak has announced extended plans to protect jobs and businesses in the UK. This includes extended business rates holiday to all retailers, to help mitigate the growing economic impact of COVID-19.

Amongst the COVID-19 plans are specific support including:

The government will do whatever it takes to protect companies and incomes, he said. Adding that this would be “on a scale unimaginable only a few weeks ago”. He said it was not a time for economic “orthodoxy” and that it was “a time to be bold, a time for courage”.

“I want to reassure every British citizen, this government will give you all the tools you need to get through this,” he added.

The plan is a fantastic start for businesses, self-employed, and those struggling to find work. This package of support will have far-reaching support for the UK and companies should feel a little more confident in keeping employees employed and businesses running.

 

Read about how COVID-19 is changing the face of CSR here