Coronavirus Flashcards
In the 2020 Budget, how big was the coronavirus support package?
£30 billion
How much did we provide the IMF with to support the economies of developing countries affected by the virus?
£150 million for the Catastrophe Containment and Relief Fund
How much did we give to the Centre for Epidemic Preparedness Innovations to lead the global research into a vaccine?
£50 million
How much did we spend on research into developing a rapid test?
£25 million
How much did we give to the WHO’s appeal for the outbreak?
£10 million
How much is available for businesses in the form of government-backed loans?
£330 billion - 15% of GDP
What did we do for SMEs regarding the business interruption loan scheme that we announced in the 2020 budget?
Increased it to loans of up to £5 million, with no interest for the first 6 months, and guaranteed 80% of each loan.
What did we do for business rates in the retail, hospitality and leisure sectors?
Suspended business rates for 12 months
How large were the grants we offered to over 700,000 small businesses?
£10,000
How much were the grants we provided to small businesses in retail, hospitality and leisure?
£25,000
What did we do about Statutory Sick Pay?
Ensured people who are self-isolating were eligible for it.
Made it easier to obtain a sick note.
How many HMRC call handlers did we put on the government helpline for businesses?
2,000
What did we do about mortgages?
A 3 month freeze on mortgages
How big was the hardship fund for local authorities?
£500 million
What was the Coronavirus Job Retention Scheme?
HMRC reimbursed 80% of a worker’s wage up to a maximum of £2,5000 a month, backdated to start on March 1.
