DAILY BUSINESS BRIEFING FROM GOVERNMENT'S COVID-19 PRESS CONFERENCE
(Courtesy of White Label)
The UK will remain under lockdown measures for another three weeks at least, the government has announced today.
“We recognise the economic and social impact the measures are having which is why we have put in place an unprecedented package of support,” said Mr Raab. “We know there are worries for small businesses that remain closed. We get it. We know that it is hard going at this time, but we must keep up this national effort for a while longer. He also added that the UK was not likely to be "back to normal" when restrictions were relaxed, with social distancing measures expected to be required in some form until a vaccine became available.
Companies House support for businesses hit by COVID-19
Changes announced today will help businesses avoid being struck off the Companies House register as they deal with the impact of the coronavirus outbreak.
Companies House will temporarily pause the strike off process to prevent companies being dissolved. This will give businesses affected by the coronavirus outbreak the time they need to update their records and help them avoid being struck off the register.
In addition, companies issued with a late filing penalty due to COVID-19 will have appeals treated sympathetically.
More information available
Councils given greater financial relief against cash flow pressures
Councils will be allowed to defer £2.6billion in business rates payments to central government, and £850m in social care grants will be paid up front this month.
These new measures mean councils will be able to defer £2.6bn of payments they are due to make to central government over the next 3 months as part of the business rates retention scheme.
Additionally, the government will bring forward care grant payments to councils worth £850m for both children and adults. These will now all be paid this month, rather than monthly in April, May and June, and will help provide immediate support for core frontline social care services.
ADDITIONAL NEW GUIDANCE RELEASED TODAY
Air Navigation Service Provider (NATS) eligible for funding of up to £92m to maintain services
The UK’s enroute air navigation service provider, NATS is eligible for £92million in support from EUROCONTROL, the organisation which manages charging for air navigation services across Europe, enabling it to continue providing services, supporting cargo and repatriation flights as well as ensuring the organisation can return to full operations at the appropriate time, to help the recovery of the aviation sector. More
BUSINESS SUPPORT PACKAGES: LATEST INFORMATION & UPDATES
The hub brings together key information for businesses including on funding and support, business closures, your responsibilities as an employer and managing your business during coronavirus. The hub also includes information for self-employed people and sole traders