Search Results for: start a business

How SMEs Can Best Prepare For Post-Brexit Trading

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SME post-Brexit preparation

Across the UK, many SMEs are still unaware of the need to prepare to do business with the EU after the Brexit transition period ends on December 31. As a sense of panic sets in, businesses are realising how much they need to take on board. Katrina McWhinnie, of the McWhinnie Consultancy, who gives advice … Read more

PM Targets High Spending To Boost Recovery Prospects

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Growth of UK economy

PM Boris Johnson’s strategy is to pursue high levels of spending in order to stimulate a strong recovery, despite warnings from Chancellor Rishi Sunak over the budget deficit. Although it has been a terrible year so far, with more than 54,000 deaths from Covid-19, the latest economic forecasts, due out on Wednesday, will show the … Read more

Financial Support For Self-Employed ‘Being Considered’

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Support for self-employed during lockdown

As England prepares to enter a second lockdown on Thursday, Michael Gove, Minister for the Cabinet Office, has hinted that the self-employed could be given additional financial support. The support would last for the duration of the new national lockdown and comes after the furlough scheme, which had been due to end in October, was … Read more

Banks To End Free Accounts If Rates Turn Negative

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Negative interest rates

Banks could start charging for basic services if interest rates turn negative, the boss of Virgin Money has warned. CEO David Duffy said, to test which services customers would be willing to pay for, banks would make ‘slow and incremental’ changes over the next three to five years. He added that although a decision will … Read more

Sunak’s New Plan To Protect Firms Forced To Close

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Protection for closed businesses

On Friday, Chancellor Rishi Sunak announced an expansion of the job support scheme to protect workers and firms forced to close during coronavirus lockdowns this winter. The development comes against a background of slowing economic growth, new government restrictions and increasing job losses as the first furlough scheme is about to come to an end, … Read more