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Business News

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Business News

Jobs and training for the young must be prioritised to boost economy, says CBI

The Confederation of British Industry (CBI) has called on the government to prioritise jobs and training for young people in order to help boost the UK economy once the coronavirus…

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15/06/2020
Business News

UK economy shrinks record 20.4% as result of coronavirus lockdown

The UK economy shrank by 20.4% in April as the coronavirus (COVID-19) lockdown paralysed business activity, according to the Office for National Statistics (ONS). The record month-on-month decline in Gross…

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12/06/2020
Business News

LITRG warns self-employed that SEISS is taxable

The Low Incomes Tax Reform Group (LITRG) has warned self-employed individuals that the government's coronavirus (COVID-19) Self-employment Income Support Scheme (SEISS) is taxable. The group is concerned that many may…

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12/06/2020
Business News

Government extends furlough scheme for parents on statutory leave

The government has extended the Coronavirus Job Retention Scheme (CJRS) for parents on statutory maternity and paternity leave. The Treasury recently announced that parents who are returning to work over…

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11/06/2020
Business News

Significant number of SME owners using personal savings to keep business trading

Research carried out by finance provider Nucleus Commercial Finance has suggested that one in seven small and medium-sized enterprise (SME) owners have used personal savings to keep their business trading.…

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11/06/2020
Business News

£35 billion loaned to businesses through coronavirus schemes

Business loans through government-backed coronavirus support schemes have reached almost £35 billion, according to the latest figures published by the Treasury. The figures show that £3.6 billion has been granted…

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10/06/2020
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