Chancellor unveils new measures to SME loan scheme
Chancellor of the exchequer Rishi Sunak has unveiled a major overhaul to his previously announced SME loan scheme. Initially, the...
Thursday, April 9, 2020
Economy
Chancellor set to announce overhaul to SME loan scheme
Chancellor Rishi Sunak is reportedly set to announce an overhaul to the SME loan scheme that will allow companies to...
UK GDP expected to contract by 15% in Q2 2020
The UK economy is about to enter the deepest recession since the financial crisis, including the steepest quarter-on-quarter decline in...
Self-employed to get 80% income grant
Chancellor Rishi Sunak has announced the government will pay self-employed people a taxable grant based on their previous earnings over...
The Bank of England launches Contingent Term Repo Facility
In response to financial market conditions the Bank of England has announced the launch of the ContingentTerm Repo Facility (CTRF)...
Covid-19 brings UK economy to temporary standstill, says KPMG
The impact of the Covid-19 virus is expected to see the UK economy contract by 2.6% in 2020, according to...
HMRC’s business support service overwhelmed by queries
HMRC’s Business Payment Support Service (BPSS) has reportedly been “overwhelmed” by enquiries from businesses and self-employed individuals impacted by the...
UHY warns of unexpected tax bills for non-residents stuck in UK
British expats and non-residents stuck in the UK due to Coronavirus lockdowns worldwide may be hit by “major unexpected and...
FCA asks companies to delay preliminary financial accounts
The Financial Conduct Authority (FCA) has requested companies which were due to issue its preliminary trading updates in the next...
Covid-19: Government to pay 80% of salary to staff unable to work
Chancellor Sunak Rishi has said the government will pay 80% of wages for employees who aren’t able to work due...
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