Really Helpful 'Not a Budget' Statement From Rishi Sunak

September 24th 2020

Really helpful ’Not a Budget’ statement from Rishi Sunak

-A Job Support Scheme to help those who are working shorter hours.

-The extension of grants for the self-employed.

-Pay as You Grow ‘Bounce Back’ loans to give businesses more time and flexibility to firms to repay borrowing.

-Deadlines extended on other Government- backed loans.

-A new VAT deferral scheme and VAT cuts to 5% on tourism and hospitality extended to March next year.

A huge cost downstream and this will not help everyone but it will help to keep the ship afloat.

Now we need to scrap plans to remove the VAT Res and ESC schemes that will hit aviation, shipping and tourism if they go ahead.