The 2021 Budget took place on 3 March 2021. Chancellor Rishi Sunak announced that, as a result of the Covid-19 crisis, GDP shrank by 9.9% in 2020, the largest annual fall in 300 years according to a Bank of England report, albeit lower than the 11.3% forecasted in November.
Following the Chancellors announcements today, 5th November 2020, there have been further updates to the support offered for the Coronavirus job retention scheme and Self Employed Income Support Scheme.
We hope this finds you safe and healthy, and whilst businesses continue with the challenges of COVID19, there are a number of changes that affect businesses that have already had an impact or are coming in soon and therefore preparation is key.
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