The CBI has urged Chancellor Rishi Sunak to extend the government’s furlough and business rates holiday schemes – and to act before March’s budget.
CBI director-general Tony Danker said, “Many tough decisions for business owners on jobs, or even whether to carry on, will be made in the next few weeks.
“If the government plans to continue its support then I urge them to take action before the budget which is still more than six weeks away.
“The government has done so much to support UK business through this crisis, we don’t want to let slip all the hard work from 2020 with hope on the horizon.
“The rule of thumb must be that business support remains in parallel to restrictions and that those measures do not come to a sudden stop, but tail off over time.
“Just as the lifting of restrictions will be gradual, so must changes to the government’s sterling support to businesses.”