UK car sector warns: Supply companies need cash immediately | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 86%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

LONDON, April 3 — Britain’s car sector needs immediate cash and the government should introduce measures to support suppliers, some of which only have enough money to handle the coronavirus crisis for weeks not months, the head of the main trade body told Reuters. The country’s biggest...

Worker George Baker looks at a build card for a vehicle destined for China at the Jaguar Land Rover facility in Solihull, Britain, January 30, 2017. — Reuters pic

The government has announced several schemes including paying 80 per cent of salaries, up to 2,500 pounds a month per employee, to those placed on a leave of absence known as furloughing. It is not available until the end of the month. The temporary suspension of tax contributions on personnel, business rates administered by local councils and a levy on apprenticeships should all be options, he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines