How was the Budget for you? To quote Paul Galligan, CEO Bionic, “The new Chancellor has put it all on the line for the UK’s SMEs at a critical time for the UK economy. Delays to the time to pay services, the roll out of a new Coronavirus Loan Service, the temporary abolishment of business rates for specific sectors and a £3000 cash injection for small businesses across the country will create a much needed safety net for hard-working SMEs up and down the country. It remains to be seen how quickly businesses can access the cash injection and be repaid having claimed compensation for sick pay. It is vital that government services are swift. Overall, though, SMEs needed a turbo-charged response to the crisis, and it looks like they’ve got it.” Agree?
