Responding to the FSB’s latest Small Business Index study, Liberal Democrat candidate for Mayor of London Luisa Porritt said:
“Small businesses are the backbone of our economy and their recovery is our recovery. This report shows just how fearful London’s businesses are about the future. It is vital the Government steps in and provides them with the confidence they need.
“That means extending furlough until June, a scheme for self-employed workers who have been excluded from financial support, an extension to the business rates relief scheme for the next year and a much more generous and accessible package of loans and grants to get them through this difficult time.
“With vaccines now being rolled out, this should be the time when the business community starts to plan for the recovery and a more prosperous future. The Chancellor must urgently provide small businesses with the support they need to survive today and thrive tomorrow.”