Business leaders from across the Northern Powerhouse have largely welcomed the new measures introduced by Chancellor Rishi Sunak to support jobs and businesses following the end of the furlough scheme, but called for more investment to help the North’s economic recovery.
The Chancellor yesterday (24 September 2020) announced a package of measures to protect jobs and help businesses, including a new Jobs Support Scheme to returning workers, extending the Self Employment Income Support Scheme and 15 per cent VAT cut for the hospitality and tourism sectors, as well as help for businesses in repaying government-backed loans.