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FSB issues plea for business support extension

FSB issues plea for business support extension

Although Chancellor Rishi Sunak is expected to use his March Budget to announce a delay to the end of the 100% relief for those in retail, hospitality and leisure which was introduced to help firms hit by the pandemic, the Federation of Small Businesses has urged him to go further and extend it to April 2022.The trade body also wants the relief applied to those supplying the retail and hospitality sector who have also been impacted by the crisis. Meanwhile, Labour has warned that the Chancellor needs to take immediate action to avoid a £50bn "bombshell" for businesses as coronavirus support packages end in April. Shadow business minister Lucy Powell warned that the planned end of the furlough scheme, along with rates holidays, tax deferrals, VAT cuts and other support packages will "blow a massive hole in the recovery" and cost thousands of jobs.

Read more: The Independent


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