Spending Review highlights long-term economic impact of Coronavirus pandemic

26 Nov 2020

The Chancellor’s statement to Parliament setting out his Spending Review decisions came against a backdrop of predictions from the Office for Budget Responsibility (OBR), which indicated that the UK economy will shrink by 11.3 per cent this year – the largest fall in output for 300 years. In response, he said that the Coronavirus Pandemic […]

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COVID-19: Payment holidays on credit cards, car finance and personal loans extended

04 Nov 2020

Payment holidays on credit cards, car finance, personal loans and pawned goods have been extended following the Government’s announcement of a second lockdown from Thursday 5 November.

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British businesses among “most optimistic” in Europe, Covid-19 study suggests

16 Oct 2020

Businesses in the UK are more optimistic about their post-coronavirus prospects than in almost any other country in Europe, a major study has revealed.

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COVID-19: National Audit Office warns up to 60 per cent of Bounce Back Loans may not be paid back

07 Oct 2020

The Government’s spending watchdog, the National Audit Office (NAO), has warned that up to 60 per cent of businesses may not pay back the 100 per cent Government-backed Bounce Back Loans Scheme (BBLS) because of fraudulent applications and minimal credit checks.

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Government set to announce extension of Coronavirus Business Interruption Loan Scheme

23 Sep 2020

The Chancellor, Rishi Sunak, is expected to announce the extension of the Government’s Coronavirus Business Interruption Loan Scheme (CBILS) until the end of November.

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New local lockdown grant fund to act as business “safety net”

11 Sep 2020

Businesses in England affected by “local lockdowns” are set to receive up to £1,500 per property every three weeks to keep their operation afloat, it has been announced.

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Government launches £2 billion Kickstart employment scheme to create hundreds of thousands of new jobs

07 Sep 2020

The Government has launched the landmark £2 billion Kickstart employment scheme, which is set to create hundreds of thousands of new jobs for young people.

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Businesses urged to claim discounts under Eat Out to Help Out scheme ahead of September deadline

04 Sep 2020

Businesses who registered with the Eat Out to Help Out scheme have been urged to claim back the 50 per cent government-funded discount applied to bills ahead of the September deadline.

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Empty high street shops reach highest level for more than six years

03 Sep 2020

According to the new figures, the number of empty high street shops has risen to the highest level for more than six years following a wave of store closures as a result of the pandemic.

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Seven in 10 small businesses adapt sales or payment tactics to pandemic, study reveals

28 Aug 2020

Almost seven in 10 small businesses have launched an e-commerce website or introduced contact-free point of sale (POS) technology to adapt to the coronavirus pandemic, it has been revealed.

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