Trade groups join plea for increase to grant threshold

A new campaign is asking the UK government to increase the rateable value threshold for businesses to £150,000 (US$185,000) to support an additional 100,000 hospitality, retail and leisure firms. Last month, UK chancellor Rishi Sunak guaranteed a £330 billion (US$398bn) package of loans and grants to help businesses during the coronavirus outbreak. For firms without pandemic insurance cover, Sunak announced cash grants of up to £25,000 (US$30,000) to support hospitality, leisure and retail companies that…

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