EMERGENCY GOVERNMENT ASSISTANCE TO BUSINESSES, EMPLOYERS AND EMPLOYEES
The chancellor has announced major help initiatives:
1] Business loans to help businesses survive - 12 months interest free loans.
2] VAT payment deferral - businesses do not have to pay VAT for the quarter from now to middle of June till the end of the financial year
3] 80% of salaries covered for employees up to a maximum of £2,500 per months - employers can top this up if they wish/ can afford it