{"id":819,"date":"2020-03-10T00:00:00","date_gmt":"2020-03-10T00:00:00","guid":{"rendered":"https:\/\/taxbak.co.uk\/index.php\/2020\/03\/10\/how-will-the-chancellor-address-coronavirus-issues\/"},"modified":"2020-03-10T00:00:00","modified_gmt":"2020-03-10T00:00:00","slug":"how-will-the-chancellor-address-coronavirus-issues","status":"publish","type":"post","link":"http:\/\/taxbak.co.uk\/index.php\/2020\/03\/10\/how-will-the-chancellor-address-coronavirus-issues\/","title":{"rendered":"How will the Chancellor address Coronavirus issues?"},"content":{"rendered":"<p><strong>Most pundits agree that the growing disruption posed by the Coronavirus outbreak combined with continuing Brexit uncertainty &ndash; exactly what will our trading relationship with the EU be from January 2021 &ndash; are likely to have a dampening effect on demand and supply; a combination that will lead to a slow-down in global economic activity.<\/strong><\/p>\n<p>It is doubtful that Budget announcements this week will do much to quell the anxieties of small business owners.<\/p>\n<p>There are concerns about the cost of meeting sick-pay obligations as increasing numbers of employees self-isolate in response to government advice to contain the spread of the virus.<\/p>\n<p>Will business owners be offered more time to pay their taxes?<\/p>\n<p>As the outbreak in the UK is at an early stage expect a staged approach to business support. It is feasible that the government will have to print money &ndash; so-called quantitative easing &ndash; to cover the funding support required by the UK business community. This is the method used during the banking crisis of 2008 when the banks were the recipients of government&rsquo;s largesse.<\/p>\n<p>Without a doubt, on its own the Coronavirus poses a significant challenge for all of us and in particular the survival of vast number of a small and medium sized business in the UK, the backbone and engine room of our UK economy.<\/p>\n<p>Fingers crossed that Rishi Sunak and his Treasury advisors come up with adequate support this week. Watch this space for our budget summaries to be published later this week.<\/p>\n<!-- -->","protected":false},"excerpt":{"rendered":"<p>Most pundits agree that the growing disruption posed by the Coronavirus outbreak combined with continuing Brexit uncertainty &ndash; exactly what will our trading relationship with the EU be from January 2021 &ndash; are likely to have a dampening effect on demand and supply; a combination that will lead to a slow-down in global economic activity. [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-819","post","type-post","status-publish","format-standard","hentry","category-uncategorized","blog-left-layout","blog-style-postblock","","blog-alt-odd"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/819","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=819"}],"version-history":[{"count":0,"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/819\/revisions"}],"wp:attachment":[{"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=819"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}