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Below you'll find a list of all posts that have been tagged as “COVID-19”
Business groups have warned Prime Minster Boris Johnson that the UK economy is fragile and the recovery from the coronavirus (COVID-19) pandemic remains on shaky ground. The Prime Minister’s speech at the Conservative Party conference outlined his vision for an optimistic UK, buoyed by higher wages and improved opportunity for …
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 …
Chancellor Rishi Sunak has committed £500 million to renew job support programmes set up during the coronavirus (COVID-19) pandemic after the end of the furlough scheme last month. The Chancellor made the announcement during his speech at the Conservative Party conference in Manchester. The Kickstart Scheme – which subsidises eligible jobs …
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 …
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 …
Coronavirus (COVID-19) emergency finance schemes offered £81.5 billion of finance to almost 1.7 million businesses through the British Business Bank (BBB) during the last financial year. This support, which is not included under the Bank’s core programmes, was evenly distributed across the nations and regions of the UK. In addition, …
The government’s scheme that enables small businesses to recoup statutory sick pay costs caused by the coronavirus (COVID-19) will end at the end of September. Legislation ending the Coronavirus Statutory Sick Pay Rebate Scheme (SSPRS) was laid before parliament on 9 September. Before the COVID-19 pandemic, employers were obliged to …
At the end of July, 1.6 million people were still on furlough, the lowest level since the start of the pandemic and 340,000 fewer than a month earlier. But older people and the travel sector did less well, with half of eligible travel workers still on the scheme. Since the …
Staff and supply shortages have taken their toll on the UK’s economic recovery this month, according to the latest IHS Markit/CIPS Purchasing Managers’ Index (PMI). August’s PMI hit a six-month low of 55.3, down from 59.2 in July. A score above 50 indicates growth, however the post-pandemic recovery appears to …
The Institute of Directors (IoD) has warned that staff shortages could impact the UK’s economic recovery from the coronavirus (COVID-19) pandemic. A survey of over 700 directors carried out by the IoD found that 44% of firms are currently experiencing staff shortages. 65% of businesses attribute the shortages to the …
In June, the Irish government as part of their Economic Recovery Plan 2021, announced that there would be an extension of the period during which tax debts could be warehoused under their Debt Warehousing Scheme. Additionally, the scheme would be expanded to cover Employment Wage Subsidy Scheme overpayments. Originally announced …
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 …
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 …
Many small businesses will soon be required to begin repaying loans taken out under the government’s Bounce Back Loan Scheme (BBLS). The BBLS helped to support businesses during the coronavirus (COVID-19) pandemic, and permitted firms to apply for a minimum of £2,000, up to a maximum of £50,000, or 25% …
