News and information from AVASK about Chancellor of the Exchequer, Rishi Sunak

Chancellor delivers Budget to lay foundation for a strong economy

AVASK Marketing Budget

Chancellor Rishi Sunak delivered a Budget to ensure the UK economy bounces back following the coronavirus (COVID-19) pandemic. The Chancellor announced that total departmental spending will grow by £150 billion per year in cash terms by 2024/25, marking the largest real term increase in overall departmental spending for any Parliament …

HMRC’s additional Amazon VAT registration requests and how to navigate them

AVASK Marketing Amazon

The COVID-19 pandemic reshaped e-commerce landscapes in dramatic but often positive ways. In the UK, retail e-commerce saw a massive boost, particularly in categories like food and household goods. In 2020 alone, the market saw 46.5% year-over-year growth, and that trend has only continued. By 2025, experts expect e-commerce to …

Three in ten firms to employ fewer people as result of NIC increase, IoD finds

AVASK Marketing Business News

A survey carried out by the Institute of Directors (IoD) has found that three in ten businesses plan on employing fewer people as a result of the increase in national insurance contributions (NICs). Last month Prime Minister Boris Johnson announced plans to supply an additional £12 billion per year for …

FSB warns tax rises ‘threaten recovery from pandemic’

AVASK Marketing COVID-19 News

The Federation of Small Businesses (FSB) has warned that tax rises could threaten the UK’s ongoing recovery from the coronavirus (COVID-19) pandemic. According to the FSB, small businesses are coming up against ‘unprecedented strain’, with the cost of doing business higher than ever. Small businesses are also being affected by …

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

Chancellor warned of redundancies as furlough scheme ends

AVASK Marketing COVID-19 News

The government’s Coronavirus Job Retention Scheme (CJRS) ends today (30 September) after supporting millions of workers during the pandemic. The government said the wages of more than 11 million people were subsidised for at least some of the scheme’s duration at a cost of around £70 billion. There is now …

New emergency fraud hotline launched

AVASK Marketing Finance News

A new emergency fraud hotline has been launched for individuals to report financial scams as they take place. The new hotline, which can be accessed by dialing 159, will connect an individual to their bank’s fraud prevention service. The new hotline is being trialed for a year, with fraud prevention …

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£800 million Reinsurance Scheme opens for live events

AVASK Marketing COVID-19 News

The government has opened a £800 million Reinsurance Scheme to cover live events against coronavirus (COVID-19)-related cancellations. The live events sector is worth more than £70 billion annually to the UK economy and supports more than 700,000 jobs, including small businesses and the self-employed. The UK Live Events Reinsurance Scheme …