UNITED KINGDOM

Robust economic measures have been rolled out in the United Kingdom by the nation’s central bank, as well as, the government, in recent weeks.

Among the initial business provisions, the government would offer up to £10,000 cash grants for small businesses eligible for rate relief, an abolishment of 2020 business rates for all retailers, and cash grants of up to £25,000 through the Retail and Hospitality Grant Scheme. In following stimulus measures, the government has rolled out £330 billion in loan guarantees, grants covering up to 80% of retained worker salaries, increase safety net tax credits, support for renters, and deferment of Value Added Tax.

For additional details on the various schemes and initiatives for businesses, visit the official United Kingdom government website.