Showing Results for tag: Rishi Sunak
“Full measure of fiscal firepower” unveiled in UK 2021 Budget
UK: Today, chancellor Rishi Sunak has outlined his second Budget, extending furlough and the VAT cut for hospitality firms until September, offering £5bn in re-opening grants for high street businesses, and more.
700,000 UK businesses could be eligible for restart grants
UK: A £5 billion scheme to support hospitality businesses and high street shops has been announced by chancellor Rishi Sunak ahead of the 2021 Budget this Wednesday.
UK Chancellor urged to support hospitality in Budget
UK: More than 200 businesses and trade bodies representing the UK’s hospitality and pub sectors have co-signed a letter to Rishi Sunak highlighting that almost two-thirds do not have the funds to survive until the end of May.
Business rates relief extended in Scotland, British government urged to act
UK: The Scottish government has announced it will extend the business rates relief until March 31 2022, with UKHospitality calling on the British government to outline a clear reopening plan for hospitality.
Sunak unveils £4.6b in business grants
UK: Following news that England is to enter a national lockdown from 12am Wednesday 6th January, chancellor Rishi Sunak has announced a one-off grant up to £9000 for businesses in hospitality, leisure and retail.
Sunak announces new jobs scheme, extended VAT cut
UK: Chancellor Rishi Sunak announced the government’s replacement for the UK furlough scheme, which will support the wages of workers who cannot return to work full time.
UK hospitality leaders respond to new budget
UK: Rishi Sunak, chancellor of the exchequer, announced major VAT cuts yesterday to promote recovery in the hospitality sector.
Sunak announces VAT cut for hospitality industry
UK: Chancellor Rishi Sunak has revealed a six-month cut in VAT for the hospitality and tourism sectors, which equates to a $4 billion boost for the industry.
UK Furlough Scheme extended, companies to share burden from August
UK: Chancellor Rishi Sunak has confirmed the extension of the UK’s coronavirus furlough scheme until October.
Government extends coronavirus loan scheme to all SMEs
UK: Chancellor Rishi Sunak has unveiled new measures to extend the Coronavirus Business Interruption Loan Scheme (CBILS) to all viable small businesses affected by COVID-19, and also announced a scheme for larger companies.
Government issues guidance on Coronavirus Job Retention Scheme claims
UK: Almost one week after Chancellor Rishi Sunak announced the launch of the Coronavirus Job Retention Scheme, the government has published guidance for employers to claim funding for employee wages.
Chancellor unveils £330 billion coronavirus relief package
UK: The British government has pledged £330 billion for companies to access loans, extending the business rates holiday to all firms in the hospitality sector and funding grants of up to £25,000 for small businesses.
2020 Budget: abolition of business rates for small hospitality venues
UK: Speaking to fellow MPs in the House of Commons, Chancellor Rishi Sunak has announced an abolition of business rates for any business with a property of a rateable value less than £51,000 for the coming financial year.
