With many seasonal and high street businesses still struggling and support schemes coming to an end the alternative could be for Government to invest in companies, say leading tax and advisory firm Blick Rothenberg.
Richard Churchill, a business advisory partner at the firm said: “Something has to be done to continue to support businesses. The Government cannot be expected to go on providing blanket support but investing in UK companies could be the answer – after all this is what happened in the banking crisis.”
He added: “The taxpayer could become shareholders of some very interesting companies and there could be a good pay back for the economy. It would keep more businesses going and there could be a good return for shareholders.
“It would certainly be no worse than companies closing and the taxpayer having to foot the bill in terms of unemployment and other payments.”
Richard said: “As UK businesses start to trade post lockdown, they will now have a greater ability to both assess the impact of COVID-19 and plan more accurately for the future. This will undoubtedly result in the requirement for some businesses for further cash flow support and UK Government needs to continue to support these businesses to avoid previous measures being in vain but there has to be some creative thinking going forward.”
Leave a Comment