Anyone listened properly to the speech?
First they were talking about "grants" then started mentioning interest and how nice they are not to charge it for a year, then started talking about LOANS, presumably to be paid back.
There are several support elements available to businesses. There has previously been the announcement of interest free loans, and grants to small businesses.
Today they announced that the government will pay 80% of furloughed workers' salaries, up to £2500 per month. That does not need to be repaid. They also announced today that the interest free period on the loans will be extended to 12 months, up from 6, which is separate to the salary intervention.
Today they announced that the government will pay 80% of furloughed workers' salaries, up to £2500 per month. That does not need to be repaid. They also announced today that the interest free period on the loans will be extended to 12 months, up from 6, which is separate to the salary intervention.