Jun 25, 2020 | Current Affairs
Almost a million UK businesses have secured emergency finance from government-backed schemes since the COVID-19 outbreak. Figures from the Treasury published on 23 June 2020 showed 972,278 firms each had a slice of more than £40 billion in one of three schemes. Over...
Jun 24, 2020 | Current Affairs
Business owners are being warned about a spike in bogus emails offering fake coronavirus grants. The Chartered Trading Standards Institute (CTSI) said fraudsters are sending emails claiming to be from the Government. One bogus email seen by the group offers the...
Jun 18, 2020 | Current Affairs
One in three furloughed workers have been asked to carry on working while their employer receives funds under the coronavirus job retention scheme. The furlough scheme allows employers to place workers on leave of at least three weeks while saving on monthly salaries...
Jun 17, 2020 | Current Affairs
Four in ten small firms in the UK cite labour costs as a primary barrier to business growth, according to the Federation of Small Businesses (FSB). The group urged the Government to introduce several new measures to help small firms manage costs without having to cut...
Jun 15, 2020 | Current Affairs
Speculation is mounting that the UK could follow Germany by reducing the standard rate of VAT in next month's emergency fiscal announcement. On 4 June 2020, Germany slashed its standard rate of VAT from 19% to 16% from 1 July 2020 until 31 December 2020. At the same...
