Record low for manufacturing
UK manufacturing collapsed in April, with the IHS Markit/CIPS Purchasing Managers' Index recording a score of 32.6 from March’s 47.8...
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HMRC flooded with WFH tax relief requests
HMRC is being “inundated” with claims from employees working from home during the coronavirus lockdown, with a number of people working...
London small businesses ask for more support
London small business groups Guardians of the Arches and East End Trades Guild have asked Chancellor Rishi Sunak to extend government...
Tech firms’ worst quarter since financial crash
The first quarter KPMG UK Tech Monitor index shows that British tech firms have posted their worst quarterly performance since the global...
Treasury to look beyond lockdown
Philip Aldrick in the Times considers the measures the Treasury may take as Britain unlocks. He highlights that much of the Government’s....
Second wave of COVID-19 could ‘prove fatal’ for business
A report from the Centre for Economics and Business Research (CEBR) and Opinium has revealed that 591,000 firms at currently at high risk...
Index slump prompts recession warning
The latest IHS Markit/Cips composite purchasing managers’ index for the UK fell to 13.8 last month - the lowest score in over two decades.
Business confidence hits all-time low
On average, CFOs expected revenues to be 22% lower than they had estimated before the pandemic, while 98% expect capital spending to be...
Bounce Back Loan scheme sees 110k claims on first day
Around 110,000 small businesses applied for a new emergency loan scheme in the hours after it launched yesterday. With banks reporting...
Bounce Back Loan scheme for small businesses
The Chancellor has launched a Bounce Back Loan scheme to support small businesses affected by the coronavirus outbreak. The scheme will prov
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Most firms won’t cope if lockdown extended
A new survey has revealed that just one in six firms expect to be able to survive a six-month lockdown.
Rules on carrying over annual leave to be relaxed to support key industries
Workers who have not taken all of their statutory annual leave entitlement due to COVID-19 will now be able to carry it over into the next..
Apprenticeship providers "on brink of collapse"
Private apprenticeship training providers are "on the brink of collapse" after failing to secure financial support from...
Minister looks to support owner-directors
Small business minister Paul Scully is working to find ways of protecting business owners who pay themselves through dividends during the...
Start-ups rescue package imminent
The Treasury is understood to be preparing the announcement of a wide-ranging rescue package for start-up businesses.
CBILS delivers loans worth £1.1bn
Following complaints that firms were finding the UK’s coronavirus business loan scheme difficult to access, it appears to have picked....
Brexit deadline maintained despite coronavirus
Despite talks between the UK and the EU having been restricted due to the coronavirus outbreak, the UK government insists it is committed...
Brexit negotiation concerns published
The EU Justice Sub-Committee has published a review of the ongoing future UK-EU relationship discussions.
Lloyds bank sees spike in demand from small businesses
Lloyds bank staff have told the BTU trade union that they are putting in 18-hour days to keep up with demand from small business owners