The chancellor announced in December that the job retention scheme would be extended to the end of April 2021, with the government continuing to contribute 80% of wages. The various business loan schemes have been extended to the end of March 2021. On 5 January 2021, following the announcement of a national lockdown in England, the chancellor set out an additional support package for businesses, with help focused on the retail, hospitality and leisure sectors (with one-off grants worth up to £9,000 ‘per property’). The chancellor also indicated that further measures would be announced at Budget 2021.
The chancellor announced in December that the job retention scheme would be extended to the end of April 2021, with the government continuing to contribute 80% of wages. The various business loan schemes have been extended to the end of March 2021. On 5 January 2021, following the announcement of a national lockdown in England, the chancellor set out an additional support package for businesses, with help focused on the retail, hospitality and leisure sectors (with one-off grants worth up to £9,000 ‘per property’). The chancellor also indicated that further measures would be announced at Budget 2021.
