BREAKING: No VAT payments for companies until end of June amid coronavirus crisis
said he would defer the next quarter of VAT payments for firms in a £30 billion injection into the economy.
‘And you’ll have until the end of the financial year to repay those bills. That’s a direct injection of over £30 billion of cash to businesses equivalent to 1.5% of GDP.’In the same press conference, the government announced plans to pay over 80% of wages for at-risk workers for at least three months and increase the Universal Credit standard allowance for the next 12 months by £1,000 a year.
‘We want to look back on this time and remember how we thought first of others and acted with decency.
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