UK’s Sunak to provide 5 billion pounds of grants to pandemic hit businesses in budget

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British finance minister Rishi Sunak will announce 5 billion pounds ($7 billion) of additional grants to help businesses hit hard by pandemic lockdowns in his budget statement next week, the government said on Saturday.

Shops, bars, clubs, hotels, restaurants, gyms and hair salons would be among nearly 700,000 companies eligible for new direct cash grants of up 18,000 pounds.

Encouraged by the rapid roll-out of vaccines, British Prime Minister Boris Johnson has unveiled a route out of lockdown for England. However, some businesses will need to remain shuttered until the summer. Local authorities in England will also get an extra 425 million pounds to distribute grants to businesses not eligible for the restart grants, while the devolved administrations in Scotland, Wales and Northern Ireland will receive 794 million pounds of extra funding.

While Sunak’s March 3 budget will include more spending to prop up the economy during what he hopes will be the last phase of lockdown, he will also probably signal tax rises ahead to plug the huge hole in the public finances.

 

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Great initiative by the UKGovernment, and this should help businesses to sustain for some time until everyone gets vaccinated.

This looks like some arab 3rd world country

TutorCambodia

자격없는의사 의 진료행위의 금지보다 올바른 행위의 올바른 의료진을 키움이 정답이될듯 --예 올바른 사람의 보호보다 덧붙는 위험요소의 제거가 먼저인듯--그리고 보호하세요 예를 듬은 이해력의 부족인듯-- 한국인의 둔함인듯

thanks

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