Business groups welcome support from chancellorpublished at 17:24 British Summer Time 29 May 2020
The Federation of Small Businesses has welcomed the extra government support for businesses and the self employed just announced.
Both the wage subsidy scheme for furloughed staff and grants to cover lost income for the self-employed have been extended for the coming months.
Federation of Small Business chairman Mike Cherry said:
“Our five million-strong self-employed community will be greatly relieved to know that the income cliff-edge they were facing in two days’ time has now been removed.
"The hope is that more and more sole traders will be able to return to work safely as restrictions are eased.
"Policymakers have rightly recognised that self-employed business owners working in a lot of sectors - not least hair & beauty, events and travel - will be massively impacted by the current downturn for many weeks to come."