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28 Sep 2020

Winter Economy Plan

Rishi Sunak spoke to us last week (on the TV, not Home of Mortgages!) to confirm the virus is not going away any time soon, well at least for the next six months.

He delivered a message focussed around acceptance. Acceptance of our new more socially distant world and acceptance of the fact many businesses and jobs unable to operate in a socially distant or Covid-secure way, sadly, won’t survive.

The Chancellor announced a wrath of further support packages which include a Job Support Scheme,
extending the availability of the coronavirus business interruption loan (CBILS) until the end of November 2020, whilst also offering a new scheme called Time to Pay, allowing the self-employed to defer income tax
liabilities to January 2022.

Our economic behaviours in this ‘new normal’ will drive growth in other businesses which is where we
hope new jobs will be created. We have already seen this with a surge in online shopping and growth in delivery services.

To read the full winter economy plan click here

Winter Economy Plan

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