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. Continue reading
Category Archives: Covid-19 Economy
British businesses among “most optimistic” in Europe, Covid-19 study suggests
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. Continue reading
COVID-19: National Audit Office warns up to 60 per cent of Bounce Back Loans may not be paid back
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. Continue reading
Government set to announce extension of Coronavirus Business Interruption Loan Scheme
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. Continue reading
New local lockdown grant fund to act as business “safety net”
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. Continue reading
Government launches £2 billion Kickstart employment scheme to create hundreds of thousands of new jobs
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. Continue reading
Businesses urged to claim discounts under Eat Out to Help Out scheme ahead of September deadline
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. Continue reading
Empty high street shops reach highest level for more than six years
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. Continue reading
Seven in 10 small businesses adapt sales or payment tactics to pandemic, study reveals
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. Continue reading
SMEs are missing out on £1.5 billion worth of COVID-19 Government support grants
According to the latest research, small to medium-sized enterprises (SMEs) are missing out on almost £1.5 billion in coronavirus business support grants, which have gone unclaimed ahead of the deadline on Friday 28 August. Continue reading