Business News

LITRG urges self-employed to check eligibility for SEISS

The Low Incomes Tax Reform Group (LITRG) has urged self-employed individuals to check their eligibility for the first round of the government's coronavirus (COVID-19) Self-employment Income Support Scheme (SEISS) grant.

Government unveils £200 million Sustainable Innovation Fund

The government has launched its latest coronavirus (COVID-19) support scheme, termed the Sustainable Innovation Fund (SIF), which is aimed at helping businesses to keep 'cutting edge' projects and ideas alive.

FCA confirms further support for consumer credit customers

The Financial Conduct Authority (FCA) has confirmed further support for users of certain consumer credit products if they are experiencing temporary payment difficulties due to the coronavirus (COVID-19).

FSB finds late payment crisis has worsened during coronavirus lockdown

The Federation of Small Businesses (FSB) has found that the UK's late payment crisis has worsened during the coronavirus (COVID-19) lockdown.

Government expands Future Fund for start-ups

The government has expanded its Future Fund scheme, which aims to support start-up businesses not eligible for other coronavirus (COVID-19) rescue measures.

Furlough scheme now covering 9.3 million workers

The number of workers now furloughed under the Coronavirus Job Retention Scheme (CJRS) has risen to 9.3 million, according to the latest figures from the Treasury.

Business warned about rise in impersonation fraud

Businesses have been told to stay vigilant against the rise in impersonation fraud during the coronavirus pandemic, by trade credit insurer Atradius.

UK mortgage approvals slump during pandemic

UK mortgage approvals slumped to a record low during May as the COVID-19 pandemic took its toll on the housing market, according to data from the Bank of England.

Job retention scheme closing to new entrants

HMRC is reminding businesses that Coronavirus Job Retention Scheme (CJRS) will close to new entrants on 30 June.

Coronavirus lockdown puts focus on UK skills gap

The COVID-19 lockdown has served to highlight the widening UK skills gap and the government must now act, warns the Chartered Institute of Management Accountants (CIMA).

Overseas VAT claims subject to COVID delays

VAT claims submitted under the Overseas Refund Scheme will be subject to delays due to changes in HMRC's working practices during the COVID-19 pandemic, the tax authority has stated.

PMI data points to improved picture for UK economy

The latest purchasing managers' index (PMI) data from the UK's manufacturing sector suggests that the country's economy stabilised in June, according to an IHS Markit survey.

FSB outlines recommendations to Chancellor ahead of expected fiscal event

In a letter to Chancellor Rishi Sunak, the Federation of Small Businesses (FSB) has outlined a series of recommendations designed to support small businesses once the COVID-19 lockdown ends.

IoD urges government to support jobs and investment after coronavirus lockdown

The Institute of Directors (IoD) has called on the government to act to support jobs and investment once the coronavirus lockdown ends.

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