Showing Results for tag: Rishi Sunak
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.
