Archives for Budget

Welsh Business News / WelshBiz – Budget, Bugs & Business Rates – A Welsh Property Perspective…

Richard Murphy. Head of Cushman & Wakefield’s Cardiff Office responds to the Chancellor, Rishi Sunak’s 2020 Budget and what it means for Wales: “It is hard at this time to look beyond the short-term COVID-19 issues. In that regard, the Chancellor’s “budget within a budget”, contained some positive reassurance to many of our clients running small businesses in Wales, which form the life blood of our economy. This, coupled with some clarity on sick pay measures is helpful, coming off the back of the recent Bank of England announcements, will provide some immediate reassurance. However, the unknown remains in relation
Read More

Welsh Business News / WelshBiz – Welsh Businesses to get Coronavirus Support from Welsh Government

First minister Mark Drakeford has promised to put every penny it receives from Budget announcement into helping firms on rates. Welsh Government has vowed that every penny of extra funding for Wales that stems from the UK chancellor’s decision to scrap business rates for thousands of English firms will go into supporting companies in Wales. Chancellor Rishi Sunak on Wednesday announced that the UK Government is scrapping business rates for small venues and shops this year in response to the coronavirus crisis. In his Budget speech, he said other venues, such as bed and breakfasts, gyms and leisure centres, with
Read More