COVID-19

Small businesses given £21.3bn in Covid local authority grants

Smaller businesses across England received £21.3bn through the Covid-19 local authority business support grants scheme, but fraud levels were high.…

2 years ago

Over half of businesses set to increase prices

Three out of five companies expect to increase their prices in the next three months due to the continuing supply…

2 years ago

£1bn support package for businesses hit by omicron

The Chancellor has announced a £1bn support package including grants for the hospitality sector and a sick pay rebate scheme…

2 years ago

Furlough scheme supported 11.7m jobs but mistakes will be costly

The latest figures on use of the Coronavirus Job Retention Scheme show that 11.7m jobs were supported by furlough throughout…

2 years ago

£4.9bn of covid loans missed by ‘inadequate’ fraud prevention

The government’s measures to prevent fraud in its bounce back loan scheme (BBL) have been labelled inadequate by National Audit…

2 years ago

HMRC blocked £28m of furlough claims

HMRC stopped less than £30m worth of furlough claims in the first year of the Coronavirus Job Retention Scheme (CJRS)…

2 years ago

Business optimism high despite low cash reserves

A third of UK owner-managed businesses report lower cash reserves now than when going into the pandemic but a worrying…

2 years ago

HMRC staff unlikely to manage increased tax debt

With the UK’s tax debt more than double pre-pandemic levels, current staffing at HMRC is unlikely to be enough to…

2 years ago

Furlough numbers at a record low in September

The number of people on furlough fell to a record low during its last month of operation with a further…

3 years ago

Half a million businesses in ‘significant financial distress’

The latest red flag research by Begbies Traynor recorded that 562,550 businesses were in ‘significant financial distress’ in the third…

3 years ago