Given the many fast-paced UK government announcements of COVID-19-related measures, this Alert provides an up-to-date summary as of 24 March 2020.

Key Points:

..In a series of announcements starting with the budget on 11 March 2020, the UK government has announced significant measures to support British business and workers on an unprecedented scale.

..Key announcements include the Job Retention Scheme, the COVID-19 Corporate Financing Facility, the Coronavirus Business Interruption Loan Scheme, the Retail and Hospitality Grant Scheme, business rates holidays, statutory sick pay relief, and certain tax deferrals.

..Further announcements are expected over the coming days and weeks, with a general expectation that further support will be announced for airlines and the self-employed.

..Some elements of business support are devolved meaning that the measures businesses can access may differ in Scotland, Wales, and Northern Ireland.