UK introduces new business support measures

Britain on Tuesday offered a 4.6 billion pound support package for businesses struggling to cope with a third national lockdown, imposed this week to stem a new wave of COVID-19 cases sweeping the country.

Finance minister Rishi Sunak said retail, hospitality and leisure companies will be able to claim one-off grants worth up to 9,000 pounds to get them through the coming months – adding to hundreds of billions of pounds of existing support.

Prime Minister Boris Johnson announced the lockdown late on Monday saying a highly contagious new coronavirus variant first identified in Britain was spreading so fast it risked overwhelming the National Health Service (NHS) within 21 days.

“This will help businesses to get through the months ahead – and crucially it will help sustain jobs, so workers can be ready to return when they are able to reopen,” Sunak said.

Under the new lockdown, people are instructed to work from home unless it is impossible for them to do so. All hospitality venues must remain closed as well as non-essential shops. Organised sports, both indoors and outdoors, are cancelled except for elite competitions.