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Chancellor Rishi Sunak announces plan to revive UK economy

In the wake of the coronavirus pandemic the UK economy has slumped, with many businesses feeling the impact of the lockdown. Today the Chancellor, Rishi Sunak, announced a variety of measures which are designed to boost the economy, by protecting, supporting and creating new jobs. To help you understand what

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5 Steps to getting back to business

While those who can work from home are still being advised to do so, the government is releasing guidance for those who need to return to the workplace. Those who are unable to work from home and being encouraged to go to work, however there are various safety measures to

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Online Shopping Trends – Lockdown Edition

A couple of months ago, we created the eCommerce 100, our ranking of the top 100 online brands in the country, based on factors such as search volume and social following. However, a lot has changed in the world in that short time, with the coronavirus outbreak drastically changing our

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Furlough scheme to be extended by four months

The Chancellor, Rishi Sunak, has announced that the government will extend the furlough scheme until October. The UK wide scheme pays 80% of the wages of employees, which have been placed on temporary leave due to the coronavirus outbreak. Across the country more than 7.5 million employees have been furloughed,

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Government actively encourages some to return to workplaces

The Prime Minister, Boris Johnson, has announced the initial steps towards an easing of the lockdown restrictions across the country. A variety of key rule changes have been made, although further information and clarity is expected in the coming days. After more than a month of tough measures introduced to

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The UK Retail Report: Covid-19 Impact

The world is seeing a new way of living. We are all staying indoors, isolated and learning to adapt to new routines. While many areas of ‘normal’ living have majorly shifted, one has seen a hugely dramatic change – retail. Using March data from ONS, we have delved into the

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How do the government plan to restart the economy?

The Prime Minister, Boris Johnson, has announced that the UK is past its peak of the coronavirus outbreak. As of 30 April, the total deaths in the UK due to coronavirus had reached 26,722, a figure which highlights the severity of the outbreak. To help you understand the rapidly developing

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Will the Bounce Back Loan Scheme help small businesses survive?

After growing pressure from small business owners and fears that up to one in five SME’s could be forced to permanently close due to Coronavirus, the Chancellor has unveiled a 100% Government Underwritten loan scheme designed for the UK’s smallest and most vulnerable businesses. Research by The Small Business Academy,

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Commercial mortgage Did you know that you may be able to borrow up to 100% of the purchase price of a property with a commercial mortgage? Buy-to-let and commercial properties are covered either singularly or as part of a portfolio... Learn how

High street shops protected from aggressive rent collection

The global death toll from Covid-19 has exceeded 183,000, with more than 18,000 deaths here in the UK. With the country currently at the peak of the outbreak and case numbers beginning to plateau, the government is expected to release details of a lockdown exit strategy. However, the timing of

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Coronavirus Job Retention Scheme up and running

Today, 10 days earlier than planned, HMRC have given access to business owners to begin claiming much needed cash grants for employees who have been placed on furlough leave. Within the first 30 minutes HMRC received 67,000 furlough claims! The news is welcomed by many businesses, who can now go

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