Businesses return £215 million furlough payments to the Government

Sep 21, 2020

According to HM Revenue and Customs (HMRC), more than £215 million of Coronavirus Job Retention Scheme (CJRS) payments have been willingly returned to the Government by UK firms, out of £35.4 billion worth of claims up until 16 August. The CJRS, ...

Blog, SMEs

Ban on commercial evictions extended until the end of 2020

Sep 17, 2020

The Government has announced that it has extended the ban on commercial evictions until the end of 2020, meaning businesses cannot be evicted by landlords for getting behind on rent payments. It is hoped the extension will help protect jobs once ...

Blog, HMRC, SMEs

National Minimum Wage investigations have drastically increased

Sep 15, 2020

National Minimum Wage investigations by HM Revenue & Customs (HMRC) have increased significantly, according to the latest research. These inspections rose due to modern slavery reports and other controversial probes into UK garment factories. To guarantee that workers are paid correctly, HMRC ...

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CBILS ends on 30th September 2020

Sep 10, 2020

The Coronavirus Business Interruption Loan Scheme (CBILS) has offered important financial support to thousands of businesses across the UK – but it is due to end this month. Although the deadline for accredited lenders to review applications was recently extended until ...

Blog, SMEs

Government launches £2 billion Kickstart employment scheme to create hundreds of thousands of new jobs

Sep 07, 2020

The Government has launched the landmark £2 billion Kickstart employment scheme, which is set to create hundreds of thousands of new jobs for young people. The initiative aims to create “hundreds of thousands” of “fully subsidised jobs for young people across ...

Blog, Consumer Spending, SMEs

Empty high street shops reach highest level for more than six years

Sep 04, 2020

According to the new figures, the number of empty high street shops has risen to the highest level for more than six years following a wave of store closures as a result of the pandemic. The Data from retail analysis firm, ...

Blog, Money, Personal accounting

Government urged to ensure young people gain access to the Child Trust Fund

Sep 02, 2020

The Government is being urged to ensure that young people gain access to the Child Trust Fund, which was set up by the Government in 2005 to provide young adults with a nest-egg. Those born between 1 September 2002 and 2 ...

Blog, SMEs

Seven in 10 small businesses adapt sales or payment tactics to pandemic, study reveals

Aug 28, 2020

Almost seven in 10 small businesses have launched an e-commerce website or introduced contact-free point of sale (POS) technology to adapt to the coronavirus pandemic, it has been revealed. The research forms part of the Visa Back to Business study, which ...

Blog, SMEs

COVID-19 – 1.23 million businesses access Government support schemes

Aug 25, 2020

More than 1.23 million UK businesses have accessed COVID-19 support schemes backed by the Government, according to the latest figures from HM Treasury. The data shows that 17 million small and micro businesses have utilised the Bounce Back Loan Scheme (BBLS) ...

Blog, SMEs

One in ten businesses at moderate risk of insolvency according to ONS

Aug 21, 2020

According to the latest statistics published by the Office for National Statistics (ONS), around one in ten businesses claim their risk of insolvency to be moderate or severe, with the majority of those seeing their turnover fall by more than ...

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