Originally written by Timothy Adler on Small Business
Chancellor Rishi Sunak is drawing up plans for new Treasury support for small businesses who find themselves closed because of hard lockdown.
Pubs and restaurants would be forced to close, as well as possibly non-essential retailers, at the top level of a “three-tier” lockdown strategy, which could be announced as soon as tomorrow.
Prime Minister Boris Johnson is expected to announce a simplified three-tier system of local, regional and even a national lockdown. The system has yet to be finalised, with sources telling the Times that it was “stuck in No 10”, despite hurdling coronavirus infection cases in the North and scientists urging a national “circuit-breaker”.
>See also: HSBC will not accept any more Bounce Back Loan applications
According to the draft traffic-light-style plan, obtained by the Guardian, the top-tier lockdown would include closure of hospitality and leisure businesses.
Mr Sunak has already provided grants of £1,500 to businesses forced to close under local lockdowns and said this week the government was prepared to move with “pace and scale” to deal with new problems as they arose during the crisis.
Lockdown grants
In September, the government announced that small businesses affected by a local lockdown could claim for a £1,000
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