Government announces financial package to deal with COVID-19

The video discusses financial measures to support businesses in the retail, hospitality, and leisure sectors. Businesses with a rateable value under £51,000 will not pay business rates this year. Additionally, a cash grant of up to £25,000 is available to help these businesses during this period. The business rates relief is also being extended.

What is the rateable value threshold for businesses to qualify for the business rates waiver?

• £100,000

• £51,000

• £25,000

• £75,000

Which sectors are eligible for the business rates waiver?

• Technology, Finance, and Education

• Agriculture, Construction, and Energy

• Retail, Hospitality, and Leisure

• Healthcare, Manufacturing, and Transport

What is the maximum amount of the additional cash grant provided to businesses?

• £10,000

• £25,000

• £15,000

• £20,000

What is the purpose of the additional cash grant?

• To hire more employees

• To expand business operations

• To help businesses bridge through the current period

• To invest in new technology

What additional measure is being taken to support businesses?

• Reducing VAT rates

• Offering free training programs

• Providing free marketing services

• Extending business rates relief