Business News

28 May 2020

Data reveals retail sales 'remain depressed' in year to May

Data published by the Confederation of British Industry (CBI) has revealed that retail sales volumes remained 'deeply depressed' in the year to May.

28 May 2020

Coronavirus Statutory Sick Pay Rebate Scheme goes live

On 26 May, HMRC opened up its Statutory Sick Pay (SSP) rebate claim service. Eligible employers are able to recoup up to two weeks' worth of SSP payments made to employees off work for coronavirus (COVID-19)-related reasons since 13 March 2020 (16 March 2020 if the employee was shielding). This is an ongoing scheme for which an end date has not yet been announced.

27 May 2020

Government publishes revised Coronavirus Job Retention Scheme legislation

The government recently published revised legislation on the Coronavirus Job Retention Scheme (CJRS).

27 May 2020

Changes to insolvency and company law to take effect

The government has made changes to insolvency and company law as a result of the coronavirus (COVID-19) pandemic.

26 May 2020

Government borrowing at record high, data reveals

Data published by the Office for National Statistics (ONS) has revealed that government borrowing reached a record high of £62 billion in April following heavy spending as a result of the coronavirus (COVID-19) pandemic.

26 May 2020

Survey suggests one in ten firms cannot implement coronavirus guidance safely

A survey carried out by the British Chambers of Commerce (BCC) has suggested that one in ten UK businesses feel they cannot implement government coronavirus (COVID-19) guidance safely.

22 May 2020

IPSE urges government to extend self-employed support scheme

The government is being urged to extend its COVID-19 Self-employment Income Support Scheme (SEISS) for as long as self-employed individuals require it.

22 May 2020

UK sets out post-Brexit tariff regime

The UK government has published its plans for a new import tariff regime following the end of the Brexit transition period.

21 May 2020

Future Fund launches to give start-ups coronavirus support

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

21 May 2020

Inflation rate falls to lowest level since August 2016

The UK's inflation rate fell to its lowest level since August 2016, data published by the Office for National Statistics (ONS) has revealed.

20 May 2020

Government set to launch Coronavirus Statutory Sick Pay Rebate Scheme

The government is set to launch an online service to allow employers to recover the Statutory Sick Pay (SSP) payments they have made to their employees during the coronavirus (COVID-19) pandemic.

20 May 2020

Treasury confirms tax exemption for reimbursed home office expenses

The Treasury has confirmed that a temporary tax exemption for coronavirus (COVID-19)-related reimbursed home office expenses has taken effect.

19 May 2020

CMA urges government to introduce emergency laws to prevent price hikes

The Competition and Markets Authority (CMA) has called on the government to introduce emergency laws to stop retailers from hiking prices.

19 May 2020

Loan size increased to £200 million under large business interruption scheme

The government is extending the maximum loan size available through the Coronavirus Large Business Interruption Loan Scheme (CLBILS) from £50 million to £200 million.

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