The government has announced that companies that took out Bounce Back Loans will have greater flexibility to repay their loans.

Since the announcement of another national lockdown details of further support measures have been released for the self-employed, as well as an extension to the period to apply for government backed loans.

The extension covers companies legally required to shut as part of local or national lockdown restrictions.

The Chancellor has outlined his Winter Economy Plan to support jobs and businesses over the coming months.

In his mini Budget, the Chancellor announced a number of new temporary measures to assist the economic recovery following the Covid-19 pandemic.

The Coronavirus Job Retention Scheme is a temporary scheme open to all UK employers starting from 1 March 2020.