UK economy ‘set for rebound’ after increase in business and consumer confidence

The UK is set for rebound after business and consumer confidence rose to levels on par with those seen prior to the coronavirus pandemic in February 2020, according to the latest research.Continue reading

Budget 2021: Hospitality businesses call for extended VAT cut

Due to the prolonged impact of coronavirus on the hospitality industry, firms within this sector urge Chancellor Rishi Sunak to extend the VAT reductions for a year in the Budget.Continue reading

Pub industry calls for reopening of the sector as sales halve

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

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

Government urged to extend COVID business support measures

The Government is being urged to extend emergency coronavirus support in the upcoming Budget with a recent study warning that businesses face a £50 billion shortfall when the support measures end in April 2021.Continue reading

UK economy shrinks less than first feared after second national lockdown, economists reveal

The UK economy shrunk less than first feared during the second national lockdown, a major report has revealed.Continue reading

Government set to ban the sale of new petrol and diesel cars and vans from 2030

The Government is set to ban the sale of petrol and diesel cars and vans from 2030, with hybrid vehicles to follow in 2035.Continue reading

Government set to unveil legislation enabling ministers to block foreign takeovers of UK companies

The Government is set to unveil new legislation that will enable ministers to block firms from ‘hostile states’ from completing takeovers of UK companies.Continue reading

HMRC urges businesses to act ahead of end of transition period to “avoid disruption”

HM Revenue & Customs (HMRC) has written to over 250,000 VAT-registered businesses urging them to “act now” ahead of the end of the Brexit transition period.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

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