Really helpful ’Not a Budget’ statement from Rishi Sunak

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-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.

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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.

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