Income subsidies Direct cash grants for self- employed people, worth 087% of average profits, up to £ 2, 660 a month. There are similar wage subsidies for employees.
(loan guarantees for business) Government to back £ bn of loans to support businesses through a Bank of England scheme for big firms. There are loans of up to £ 5m with no interest for six months for smaller companies.
business rates Taxes levied on commercial premises will be abolished this year for all retailers, leisure outlets and hospitality sector firms.
(cash grants) Britain’s smallest , (businesses eligible for cash grants of £ , . Small retailers, leisure and hospitality firms can get bigger grants of £ , .
(Benefits) Government to increase value of universal credit and tax credits by £ 1, a year, as well as widening eligibility for these benefits.
(Sick pay) Statutory sick pay to be made available from day one, rather than day four, of absence from work, although ministers have been criticized for not increasing the level of sick pay above £ a week. Small firms can claim for state refunds on sick pay bills.
(Other) Local Authorities to get a £ m hardship fund to provide people with council tax payment relief. Mortgage and rental holidays available for up to three months.
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