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BUDGET: Local businesses react to the Chancellor’s budget

 

Setting out the government's tax and spending plans for the year ahead, the Chancellor announced new measures to help business and jobs through the pandemic in Wednesday’s budget.
 

Rishi Sunak said the economy would recover more quickly from the pandemic than previously thought though Labour leader Keir Starmer, said the Budget was not the "transformative" announcement required by the UK. Whilst good news for some, the £5 billion of 'restart' grants should provide a lifeline for many businesses in retail and hospitality. The extension of the furlough scheme has also come as a huge relief for so many businesses, particularly those in Liverpool's hospitality sector who remain closed due to Covid-19 restrictions.

CEO of Liverpool crane hire firm AMC, Mark Davenport said he would have liked to hear more about the NHS.AMC, which has depots in London and Liverpool, has seen first hand the positive impact that the NHS is having on the city region and its residents throughout the Covid-19 pandemic. The company has made a donation to R Charity - the official charity for the Royal Liverpool and Broadgreen University Hospitals NHS Trust - and has set up a JustGiving page on its website for the public to donate.

Louise King, founder founder of Wilderness Hair said she has mixed feelings about the budget. She said “with the grants going up to £18,000, these ‘restart grants’ are a great move. However as a company still paying 20% VAT, there are still uncertain times ahead for our industry as a whole, with 15% of salons already closing for good since March last year.”


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