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Businesses are to be given more time to repay Covid loans, as the chancellor announces options to delay the first payment for six months and make repayments over 10 years. Firms struggling to keep afloat during the pandemic are to be given more time to make the first repayment on government support loans. Rishi Sunak … Read more
There are different types of businesses in the UK, including sole traders, limited companies, and more. Find out what the different types of UK company structures are and which you should use here.
Thousands of small business owners are at breaking point due to months of lockdown, restricted trading and money spent on anti-Covid measures. For many, however, next Sunday’s tax payment deadline could be the final straw. Costs such as rent, rates, mortgages, utility bills and leases have all still had to be paid, while income has … Read more
Hundreds of thousands of small businesses forced to close during the Covid-19 pandemic can expect to receive payouts on insurance claims worth more than £1bn. After what was descibed as a ‘historic victory’ at the supreme court last week, the Financial Conduct Authority (FCA), which brought the test case, said it would now be working … Read more
Chancellor Rishi Sunak has promised businesses operating in the retail, leisure and hospitality sectors that they will receive new payments to help them keep afloat until spring. The Treasury has said the payments will be worth up to £9,000 per property as Mr Sunak is ‘committed to protecting jobs and supporting businesses’. Industry groups, although … Read more
Unprecedented numbers of coronavirus infections and more stringent restrictions mean the UK economy begins 2021 in a weak position. As unemployment rises, new lockdown rules impact the economic outlook, reducing the chances of a rapid recovery from the country’s worst recession in 300 years and limiting the prospect of growth. There had been hopes that … Read more
Banks have prompted a mortgage price war which will bring to an end four months of rate hikes, as a BoE report reveals ‘signs of easing’. After lenders made it increasingly difficult to obtain a mortgage earlier this year, the Bank of England (BoE), in its latest report, has signalled ‘some signs of easing’ in … Read more
If you’re considering starting a business, whether as a sole trader or limited company, you need to make sure you’re complying with all your legal obligations. This FREE downloadable guide takes you through the entire process, from deciding what type of company you should be, right through to how to keep your books in order … Read more
Thanks for subscribing to our regular updates, we’re sure you’ll get a lot of value from them. Here are not just one but TWO completely free guides you can download as a thank you for joining our update list: Special Report: Why 1 In 5 Businesses Fail In Their First Year It’s a sobering statistic. … Read more