Submitted by Joanne Wyllie on Sunday 15th March 2020
Published on Tuesday 24th March 2020
Current status: Closed
Closed: Thursday 24th September 2020
Signatures: 82
Introduce financial measures to support SMEs during Coronavirus outbreak
The Government should work with banks to agree a suspension of business loan repayments, and any other financial breaks that they can give UK SMEs such as corporation tax cuts and reduced rents. If the SMEs fail then that would have huge impact on this great country.
SMEs are the backbone of the British economy and are at high risk of financial hardship and going into administration during the corona virus. Help the UK’s SMEs to weather the storm ahead and give them the best chance of surviving the tough economic landscape over the coming months.
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