Business News

Research suggests two in five individuals worry about debt levels

Research published by insolvency firm R3 has suggested that two in five individuals worry about their debt levels.

Government relaxes insolvency rules during coronavirus pandemic

The government has relaxed the insolvency regulations during the COVID-19 pandemic in order to give restructuring businesses time to continue trading.

HMRC urges businesses using VAT deferral to cancel direct debits

Businesses that have been affected by the COVID-19 pandemic and are seeking to make use of the VAT deferral have been urged to cancel their direct debits 'as soon as they can'.

HMRC publishes guidance on recognising genuine government contact

HMRC has published guidance on recognising genuine contact from the tax authority during the COVID-19 pandemic.

Chancellor unveils help for self-employed workers

On the 26 March, Chancellor Rishi Sunak announced a scheme to help self-employed workers who have been hit by the COVID-19 crisis.

Pensions at increased risk of being targeted by scammers

The Pensions Regulator (TPR) has warned that pensions are at 'increased risk of being targeted by scammers' during the COVID-19 pandemic.

Government and financial regulators tell banks to keep lending

British banks must keep lending to businesses through the coronavirus crisis to ensure viable companies do not fail, the government and financial regulators have urged.

Contactless card payment limit set to rise from April

Trade association UK Finance has announced that from 1 April the spending limit for contactless card payments will rise from its current level of £30 to £45.

UK facing 'worst recession in modern history'

The UK economy is facing its worst recession in modern history after the coronavirus (COVID-19) caused a 'sharp slowdown', according to the latest Purchasing Managers' Index (PMI) survey from data provider IHS Markit.

Regulators request delay in corporate reporting

Financial regulators have requested a moratorium on corporate financial reports for at least two weeks.

Increase in home working raises risk of cyber-attacks

The significant increase in home working caused by the coronavirus pandemic has increased the risk of firms being hit by cyber-attacks, according to insurers Beazley.

Government unveils wage bailout scheme

Chancellor Rishi Sunak has announced a major wage bailout scheme to cover the salaries of British workers hit by the UK coronavirus crisis.

Coronavirus crisis sees UK interest rates cut to lowest level ever

The Bank of England has cut interest rates in an emergency move as it tries to support the UK economy in the face of the coronavirus pandemic.

HMRC delays introduction of off-payroll rules to private sector

HMRC has delayed the introduction of off-payroll rules to the private sector as part of its measures to support businesses through the coronavirus (COVID-19) pandemic.

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