Prominent figures within the beer and pub industry are calling upon the Government to reopen pubs with non-essential shops when lockdown ends, as they are an indispensable contributor to the economy. Continue reading
Category Archives: Covid-19 Economy
UK economy suffers “worst fall in 300 years”
The UK economy shrank by a record 9.9 per cent last year as coronavirus restrictions forced thousands of businesses to close, official statistics have revealed. Continue reading
Online sales tax proposal for Autumn Budget
The UK Treasury is considering online sales tax for retailers such as Amazon, Asos and Ocado, after a drastic increase in online shopping and the current “uneven system”, has caused many in-store retailers to be at a disadvantage. Continue reading
Voluntary and compulsory strike off processes paused in response to national lockdown
Companies House will pause both the voluntary and compulsory strike off processes for one month to support businesses affected by Covid-19, it has been announced. Continue reading
COVID-19: Payment holidays on credit cards, car finance and personal loans extended
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
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