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Daily U.K. Government Coronavirus 20/03/20

Discussion in 'Business News & Resources' started by Helen, Mar 20, 2020.

  1. Helen


    Mar 26, 2013
    Closing of communal spaces
    Cafes, pubs, bars, restaurants, cinemas, gyms and leisure centres to close tonight as soon as reasonably can and not to open tomorrow. Deliveries and production of food can still take place.

    Reiteration that the government will help people and businesses. There will be the set up of a Coronavirus Job Retention scheme with grants for employers of up to £2,500 per month/80% of salary. The scheme is available for a minimum of 3 months and may be extended. This will be through HMRC.

    Loans will be extended to 12 month interest free from previously stated 6 months.

    Deferral of next quarter of VAT payments.

    Increase of universal credit and tax element by £1,000 per year.

    Next self-assessment payments will be deferred until jan 2021

    More information will be available from the government and it is reiterated that people should read through these document and schemes before making any business or financial decisions.

    Timescales and conduct

    Re-iteration that it is up to everyone in the U.K. to ensure that we meet recovery targets

    Asking everyone to maintain compassion and a community approach to battling this difficult time. Mother’s Day advice is to think very carefully of risk of transition of the virus in general and also very specifically for those at a risk.
    Last edited: Mar 20, 2020
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