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Government Initiatives

Big businesses to reduce payment times to small suppliers

50,000 small firms close every year due to late payments.

Chancellor unveils £4.6bn support package

Firms will be able to receive up to £9,000.

Exporting SMEs get funding boost

The Government and five banks launch £25m post-Brexit scheme.

UK economy to contract by 11.3% in 2020

The OBR predicts the economy will grow by 5.5% in 2021.

BoE injects £150bn into UK economy

Stock of Government bonds will increase to £875 billion.

Government extends furlough scheme

Extension initially in place until 30 November 2020.

Chancellor to hold Spending Review in November

Treasury to set out spending plans for 2021/22.

Firms urged to prepare for Brexit

Government reveals “time is running out” campaign.

Enhanced payment plans kick in for self-assessment taxpayers

Tax bills of up to £30,000 can be paid in instalments.

Government extends ban on business evictions

Evictions ban extended until the end of the year.