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1/5, 10:28 AM (Source: TeleTrader)
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Sunak announces £4.6B in additional business support

The British government will provide an additional £4.6 billion in grants to businesses to support them through the new coronavirus lockdown, British Finance Secretary Rishi Sunak announced on Tuesday.

The package will include one-off grants of up to £9,000 which are expected to be worth £4 billion, in addition to £594 million which will be made available for local authorities to support firms not qualified for the grants.

"Throughout the pandemic we've taken swift action to protect lives and livelihoods and today we’re announcing a further cash injection to support businesses and jobs until the Spring," Sunak said in a statement.

Breaking the News / MD