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'The government will back SMEs through difficult days ahead'

Government
TTG Staff
19 March 2020

Few industries have been so acutely affected by the coronavirus outbreak as travel.

(Credit: James Newcombe/Unsplash)

Beyond the high-profile collapse of at least one airline buckling under the pressure of travel bans, we’ve seen countless others impacted by the cancellation of flights, holiday bookings and events.
 
Thankfully, the government has said it will do “whatever it takes” to support small businesses.
 
Following last week’s ambitious Budget, Tuesday saw the government announce a further £350 billion package to help small businesses which are struggling to cope.

This could not come at a more crucial time.
 
The package includes a complete moratorium on business rates for those in retail, leisure or hospitality sectors for one year.