Adviser access to £350bn Govt coronavirus 'war chest' in doubt

'Devil in the detail'

Advice businesses may be blocked from accessing the Government’s multi-billion pound coronavirus business bailout package, Beaufort Group has warned.

The stimulus package announced late yesterday afternoon includes a £330bn book of Government-backed loans for firms adversely affected by the global pandemic. An additional £20bn in grants and tax relief measures was also promised by Chancellor Rishi Sunak. However, whether advice firms will be able to access the measures was questioned by Beaufort Group chairman Simon Goldthorpe. He explained: "The Chancellor's unprecedented announcement this afternoon is welcome reassurance for British business at a time of extreme stress on the economy. But the devil is always in the detail. ...