CBI calls for immediate £7.6bn injection from Treasury to help economy through lockdown
The UK’s leading employers’ organisation has warned Rishi Sunak that businesses running short of cash and resilience cannot afford to wait six weeks for the budget to secure more financial help from the government.
Tony Danker, the director-general of the CBI, called on the chancellor to extend the furlough scheme, defer VAT payments and resist the temptation to raise business taxes as a way of plugging the UK’s record peacetime budget deficit.
