Rishi Sunak outlines £4,600,000,000 plan to deal with third lockdown

Chancellor Rishi Sunak has set out plans to support struggling businesses through the third lockdown.

It includes one-off top up grants for retail, hospitality and leisure businesses worth up to £9,000 per property.

It comes after Boris Johnson ordered the nation to stay at home and closed schools in a bid to bring down spiralling rates of Covid-19.

The Prime Minister said the restrictions would last until at least mid-February, though today cabinet minister Micheal Gove said they could be here to stay until the end of March.

The Chancellor has already extended the furlough scheme until the end of April.

Like in the previous two lockdowns, non-essential businesses such as bars, pubs, restaurants gyms and hairdressers must remain closed.

The one-off grants will be to closed businesses.

They include:

£4k for businesses with a rateable value of £15k or under
£6k for businesses with a rateable value between £15k and £51k
£9k for businesses with a rateable value of over £51k

More to follow

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