Lincolnshire business leader says an ambitious business focused budget is needed from Chancellor Rishi Sunak
A Lincolnshire business leader is calling for good news on business rates when Chancellor Rishi Sunak delivers his budget later today (Wednesday).
Katrina Pierce, development manager for the Federation of Small Businesses in Lincolnshire, says an "ambitious business focused budget" is needed to support firms following the coronavirus pandemic.
Ahead of the Chancellor delivering the budget this afternoon, it has been reported that the furlough scheme is going to be extended until September along with a £150 million fund for communities to buy their local pub and money to support High Street businesses.
She said: "In order to rescue stricken businesses, give others confidence to invest and create jobs, and stimulate start-ups, the Chancellor needs to set out the most ambitious business focussed Budget of modern times today.
"We’ve already heard that the furlough scheme is set to run until September, protecting jobs while businesses power up over the summer, and we understand many who had been excluded from support will soon benefit, but there can be no remaining gaps. Too many have suffered without aid and today is the day to fix that.
"We also need to see some of the high costs of employment relaxed, no increase to corporation tax and good news on business rates for this to be a Budget that reflects the needs of businesses at this difficult time. We will know the outcome in a matter of hours and we’ll certainly be marking the Chancellor against this list very quickly."