Business News

26 May 2020

Government borrowing at record high, data reveals

Data published by the Office for National Statistics (ONS) has revealed that government borrowing reached a record high of £62 billion in April following heavy spending as a result of the coronavirus (COVID-19) pandemic.

26 May 2020

Survey suggests one in ten firms cannot implement coronavirus guidance safely

A survey carried out by the British Chambers of Commerce (BCC) has suggested that one in ten UK businesses feel they cannot implement government coronavirus (COVID-19) guidance safely.

22 May 2020

IPSE urges government to extend self-employed support scheme

The government is being urged to extend its COVID-19 Self-employment Income Support Scheme (SEISS) for as long as self-employed individuals require it.

22 May 2020

UK sets out post-Brexit tariff regime

The UK government has published its plans for a new import tariff regime following the end of the Brexit transition period.

21 May 2020

Future Fund launches to give start-ups coronavirus support

The government has launched its Future Fund package, which aims to support start-up businesses not eligible for other coronavirus (COVID-19) rescue measures.

21 May 2020

Inflation rate falls to lowest level since August 2016

The UK's inflation rate fell to its lowest level since August 2016, data published by the Office for National Statistics (ONS) has revealed.

20 May 2020

Government set to launch Coronavirus Statutory Sick Pay Rebate Scheme

The government is set to launch an online service to allow employers to recover the Statutory Sick Pay (SSP) payments they have made to their employees during the coronavirus (COVID-19) pandemic.

20 May 2020

Treasury confirms tax exemption for reimbursed home office expenses

The Treasury has confirmed that a temporary tax exemption for coronavirus (COVID-19)-related reimbursed home office expenses has taken effect.

19 May 2020

CMA urges government to introduce emergency laws to prevent price hikes

The Competition and Markets Authority (CMA) has called on the government to introduce emergency laws to stop retailers from hiking prices.

19 May 2020

Loan size increased to £200 million under large business interruption scheme

The government is extending the maximum loan size available through the Coronavirus Large Business Interruption Loan Scheme (CLBILS) from £50 million to £200 million.

18 May 2020

CBI concerned about lack of Brexit progress

The Confederation of British Industry (CBI) said it is concerned by the lack of progress in the Brexit talks between the UK and the EU.

18 May 2020

BCC survey suggests firms ready for gradual reopening of UK economy

The latest Coronavirus Business Impact Tracker survey carried out by the British Chambers of Commerce (BCC) has suggested that UK businesses are ready for a gradual reopening of the UK economy and will 'embrace the new normal'.

15 May 2020

Government makes temporary changes to Tax-Free Childcare scheme

The government has made temporary changes to its Tax-Free Childcare (TFC) scheme as a result of the coronavirus (COVID-19) pandemic.

15 May 2020

One million apply to self-employed grant scheme in 48 hours

A million self-employed workers whose income has been hit by the coronavirus (COVID-19) pandemic made 440,000 applications for government grants during the first 48 hours of the scheme being open.

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