U.K. Eyes Covid Programs to Help Business in No-Deal Brexit
- Companies could use furlough, state-backed loans for help
- Business says government has let down companies over Covid
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Chancellor of the Exchequer Rishi Sunak is looking to his pandemic support programs to help out businesses in the event of a no-deal Brexit, a person familiar with the matter said.
The Treasury’s furlough program, state-backed loans and tax holidays can all be re-purposed to help companies out if their operations are disrupted by snarl-ups at the border, the person said. It’s still up in the air whether modifications will be made to allow companies to specify they’re using the programs because of Brexit.