News Team

Ministers should lay out plans immediately for a ‘carefully phased’ lifting of the UK’s coronavirus lockdown, the British Chambers of Commerce (BCC) has stated. The business group stated that this is a time to be bold, adding that high levels of public spending should continue if required to restart the economy. PM Boris Johnson is … Read more

More than three weeks since the Treasury’s coronavirus loans scheme was launched, only 5,000 ailing small businesses have received cash, raising concerns that companies in desperate need are missing out on emergency money. According to the banks responsible for making the loans, fewer than 1 in 60 of more than 300,000 inquiries regarding Chancellor Rishi … Read more

Banks will promise tomorrow to give small businesses interest-free loans of up to £250,000 within 48 hours to help them survive the economic crisis. Sources close to Chancellor Rishi Sunak say the emergency coronavirus loans will initially take the form of overdrafts. Business customers will be able to borrow up to a quarter of a … Read more

As the coronavirus pandemic plays havoc with our lives, the authorities are scrambling to limit the financial impact. A week that started with the worst one-day fall for British stocks since the financial crisis in 2008 was followed by a Bank of England interest rate cut, the first Budget of the new Government and more … Read more