News and Information from AVASK about the COVID-19 Coronavirus and how AVASK is responding

Aftermath of COVID-19 pandemic has caused ‘significant rise in costs for businesses’

AVASK Marketing Business News, COVID-19 News

A survey carried out by the Institute of Chartered Accountants in England and Wales (ICAEW) has revealed that the aftermaths of the coronavirus (COVID-19) pandemic and Brexit have caused a ‘huge rise in costs’ for UK businesses. The survey showed that 70% of companies surveyed are considering hiking prices over …

News and Information from AVASK about the COVID-19 Coronavirus and how AVASK is responding

Commercial rent moratorium extended until March 2022

AVASK Marketing Business News, COVID-19 News

The government is to extend the ban on commercial evictions introduced during the coronavirus (COVID-19) pandemic until March 2022, the Treasury has confirmed. Chief Secretary to the Treasury, Stephen Barclay, said the moratorium for business tenants will not expire at the end of this month as planned and will instead …

News and information about homes and working from home

UK unemployment rate falls to 4.8% in March

AVASK Marketing Business News, COVID-19 News

The UK’s unemployment rate fell slightly to 4.8% in the three months to March despite the country still being in lockdown, according to the Office of National Statistics (ONS). It is a drop from the 4.9% rate recorded by the ONS in February. The number of payroll employees increased for …

News and Information from AVASK about the COVID-19 Coronavirus and how AVASK is responding

Businesses planning to adopt ‘hybrid’ working after easing of COVID restrictions

AVASK Marketing Business News, Company News, COVID-19 News, E-commerce News

A survey carried out by the Institute of Directors (IoD) has found that businesses are planning to adopt so-called ‘hybrid’ working once the coronavirus (COVID-19) lockdown restrictions are fully lifted. The survey of 600 business leaders revealed that 63% of firms intend to shift towards one to four days of …

Female freelancers have faced ‘disproportionate financial struggle’ during pandemic

AVASK Marketing COVID-19 News, English

Research carried out by the Association of Independent Professionals and the Self-Employed (IPSE) has found that female freelancers have faced a ‘disproportionate financial struggle’ during the coronavirus (COVID-19) pandemic. IPSE said that one of the key issues facing female freelancers is late payment. 49% of freelancers reported that they experienced …

News and Information from AVASK about the UK Government

UK economy shrank by record 10% in 2020

AVASK Marketing COVID-19 News, English

The UK economy shrank by almost a tenth in 2020 as the coronavirus (COVID-19) pandemic adversely affected businesses, according to the latest figures from the Office for National Statistics (ONS). The data shows that UK GDP declined by 9.9% last year, which is the largest contraction on record. The slump …

News and Information from AVASK about HMRC

HMRC’s customer service levels impacted by COVID-19

AVASK Marketing COVID-19 News, English, Tax News

Data published by HMRC has revealed that its customer service levels have been adversely affected by the coronavirus (COVID-19) pandemic. HMRC stated that this is a unique financial year as the department continues to operate ‘at the heart of the government’s COVID-19 response’. According to HMRC, the pandemic has ‘reinforced …

News and Information from AVASK about the COVID-19 Coronavirus and how AVASK is responding

COVID-19 business lending exceeds £71 billion

AVASK Marketing Business News, COVID-19 News, English

UK businesses have now borrowed over £71 billion via the government’s coronavirus (COVID-19) support schemes, according to figures from HM Treasury. The loans have been accessed by over 1.5 million businesses across all sectors and areas of the country. The British Business Bank has also revealed the regional distribution of …