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The Business Finance Guide presents

Economic uncertainty:
Working capital solutions

This guide is designed to support businesses experiencing financial challenges as a result of COVID-19, EU Exit and other economic interruptions.

Guide

COVID-19

Guidance for businesses whose operations have been, or may be, directly impacted by COVID-19

Timeline

Economic uncertainty in 2020

The Facts

11.03.20

Budget

Chancellor’s spending plans include business interruption loans and a suspension of business rates

11.03.20

Interest rate cuts

Bank of England makes an emergency cut to interest rates

17.03.20

Rescue package

Chancellor announces £330bn package of financial support

19.03.20

Further interest rates cut

Bank of England cuts interest to 0.1%

20.03.20

Wage subsidy

Government announces it will subsidise 80% of staff wages for some businesses

Quotes
"In terms of guidance regarding COVID:19, we urge businesses to contact their finance providers early to discuss how they can support themselves and their clients and customers through the coming weeks.”

Stephen Jones, Chief Executive, UK Finance

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