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17th March - Coronavirus Updates

March 17, 2020

The Chancellor has made a huge investment to keep businesses afloat tonight:

 

- £330bn Government guaranteed loans available of up to £5m per business.


- £25k grants available and Business Rates cancelled for all leisure, tourism and hospitality businesses.


- 3 month mortgage holiday agreed with lenders where needed by those affected by the virus


- A major package of employment and income support to ensure people can continue to get paid will be announced in the coming days, to make sure individuals will have enough money to get by.

 

EDIT: I've also since heard that nursery/childcare providers will continue to be paid for each child even if that child is off ill or if they have to close, whilst the Planning Secretary will relax rules to allow pubs/restaurants to offer takeaway and delivery services. New measures coming every minute!

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