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Plans revealed to help microbusinesses spend less on energy

The government is finalising measures to help micro-businesses find better energy offers. It comes after a Competition and Markets Authority (CMA) investigation revealed they have been paying around £180 million a year more than they would in a more competitive market – with around 45% stuck on expensive ‘default’ tariffs.

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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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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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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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Retail sector experiences worst decline on record

The government has announced that the UK lockdown will continue for at least three more weeks, with all current restrictions extended until early May. This means people will only be able to leave their homes for essentials and many businesses will need to remain closed. The extended measures followed the

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Government set to borrow billions from the Bank of England

This week we have seen the number of UK-wide deaths rise to close to 900 each day, suggesting that lockdown measures are likely to remain in place. Sir Patrick Vallance, the chief scientific adviser, has explained that the peak of the outbreak could still be two weeks away and measures

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Coronavirus job retention scheme to cost £40bn

Yesterday the government announced a total of 55,242 infections and a further 854 deaths, making yesterday the deadliest day since the outbreak began. However, the number of new cases has fallen to its lowest level this month. The Chief Scientific Adviser Patrick Vallance has described the latest increase in cases

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Changes to enable struggling UK companies to avoid insolvency

In yesterday’s daily press conference, the Foreign Secretary Dominic Raab announced that more than 51,000 people have so far tested positive and sadly 5,373 have died. The rising figures combined with the announcement that Boris Johnson has been moved to intensive care are a powerful reminder of why the country

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