CBI urges government to 'act on COVID business support' ahead of Budget

Ahead of the 2021 Budget in March, the Confederation of British Industry (CBI) has urged the government to provide more financial assistance to businesses affected by the coronavirus (COVID-19) pandemic.

19 Jan 2021

Ahead of the 2021 Budget in March, the Confederation of British Industry (CBI) has urged the government to provide more financial assistance to businesses affected by the coronavirus (COVID-19) pandemic.

The business group has outlined support measures required to help protect UK businesses through the spring. It has called for an extension of the Coronavirus Job Retention Scheme (CJRS) beyond April to the end of June; a lengthening of repayment periods for existing VAT deferrals until June 2021; and an extension of the business rates holiday for at least another three months.

The CBI has also called for an announcement of details of the successor of the Coronavirus Business Interruption Loan Scheme (CBILS).

'The Budget comes at a crucial time for the UK,' said Tony Danker, Director General of the CBI.

'Almost a year of disrupted demand and extensive restrictions to company operations is taking its toll. Staff morale has taken a hit. And business resilience has hit a sobering new low.

'The government must once again stand shoulder-to-shoulder with businesses to underwrite support for the duration, helping viable enterprises to last the course.'

The Budget will be delivered on Wednesday 3 March 2021.

sage logo xero logo

Home | Coronavirus | ArchiveArchive | ArticleContact us | Accessibility | Help | Privacy | Site map |

© 2021 GKP (Ampthill) Ltd. All rights reserved.

GKP (Ampthill) Ltd, First Floor, 5 Doolittle Yard, Froghall Road, Ampthill, Bedfordshire MK45 2NW
We use cookies on this website, you can find more information about cookies here.