Adviser access to £350bn Govt coronavirus 'war chest' in doubt

clock • 3 min read

Advice businesses may be blocked from accessing the Government's multi-billion pound coronavirus business bailout package, Beaufort Group has warned. The stimulus package announced late yesterday afternoon includes a £330bn book of Government-backed loans for firms adversely affected by the global pandemic. An additional £20bn in grants and tax relief measures was also promised by Chancellor Rishi Sunak. However, whether advice firms will be able to access the measures was questioned by Beaufort Group chairman Simon Goldthorpe. He explained: "The Chancellor's unprecedented ann...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login