According to the Office for National Statistics (ONS), the number of new business start-ups has increased by 5 per cent during the third quarter of this year, compared to the same period in 2019. Continue reading
Category Archives: Covid-19
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
HMRC receives almost 55,000 tax relief claims for working from home
HM Revenue & Customs (HMRC) has received 54,800 tax relief claims from individuals for working from home using a new online portal. Continue reading
Heritage organisations set to receive £103 million under Culture Recovery Fund
Some 445 heritage organisations affected by Covid-19 are set to receive more than £103 million in affordable loans and grant funding, it has been 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
Businesses return £215 million furlough payments to the Government
According to HM Revenue and Customs (HMRC), more than £215 million of Coronavirus Job Retention Scheme (CJRS) payments have been willingly returned to the Government by UK firms, out of £35.4 billion worth of claims up until 16 August. Continue reading
Coronavirus Job Retention Scheme rejects claims after employer accounting errors
The Institute of Chartered Accountants in England and Wales (ICAEW) has warned businesses to get “their data right” or face delays receiving grants under the Coronavirus Job Retention Scheme (CJRS). 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
UK businesses borrow more than £52.6 billion to tackle impact of the pandemic
According to the latest industry research, UK businesses have borrowed more than £52.6 billion in a bid to combat the disruption caused by the Coronavirus pandemic. Continue reading