HM Treasury

UK’s BVEP submits events industry budget request to Treasury

The UK’s Business Visits and Events Partnership (BVEP) has submitted a budget request to HM Treasury ahead of the next national budget, which chancellor of the exchequer Rishi Sunak will deliver on 3 March. The budget request aims to secure long-term targeted support to aid the recovery of the UK events industry. Prior to the Covid-19 pandemic, business visits and events contributed £70bn (U...

Chancellor confirms further support for businesses in UK hospitality sector

Businesses in the UK retail, hospitality and leisure sectors are to receive a one-off grant worth up to £9,000 (US12,224), while an extra £594m discretionary fund has been made available for other businesses, chancellor of the exchequer Rishi Sunak announced, 5 January. The announcement follows UK prime minister Boris Johnson’s confirmation that England will enter a full national lockdown, resulti...

UK chancellor increases support measures

The UK chancellor of the exchequer, Rishi Sunak, has announced increased support measures for businesses impacted by being in Tiers 2 and 3 of the country’s current restriction levels during the coronavirus pandemic. Addressing the House of Commons, 22 October, chancellor Sunak confirmed changes to the Job Support Scheme, which replaces the furlough scheme on 1 November, as well as more favo...