Thu, 09 Jul 2020 | BUSINESS NEWS
Chancellor Rishi Sunak has announced a £30 billion plan to prevent mass unemployment due to the impact of COVID-19, including a temporary VAT cut on food, accommodation and attractions from 20 per cent to 5 per cent.
Sunak... continue reading
Thu, 09 Jul 2020 | BUSINESS NEWS
Department store chain John Lewis has said that eight of its stores will permanently close after the coronavirus pandemic accelerated the company’s shift from in-store to online retail. The company added that the stores in q... continue reading
Tue, 07 Jul 2020 | BUSINESS NEWS
Lancashire-based contractor Construction Partnership UK owed close to £11 million to creditors when it collapsed in April, according to a new report from administrators Duff & Phelps. The company’s administration was b... continue reading
Thu, 04 Jun 2020 | BUSINESS NEWS
The Restaurant Group, which owns chains including Frankie & Benny’s, Garfunkel’s and Wagamama, will permanently close 120 restaurants, as COVID-19 has prompted the company to accelerate its restructuring plan. The clos... continue reading
Tue, 28 Apr 2020 | BUSINESS NEWS
The Financial Conduct Authority (FCA) has today sent letters to the CEOs of all UK banks warning them against pressuring corporate borrowers to use them for other services as well, taking advantage of their customer’s vulner... continue reading
Mon, 27 Apr 2020 | BUSINESS NEWS
Chancellor Rishi Sunak has today announced a new micro-loan scheme for businesses that will issue loans worth up to 25 per cent of turnover, for as long as coronavirus measures remain in place.
The “Bounce Back” loan... continue reading
Thu, 16 Apr 2020 | BUSINESS NEWS
United Capital, the investment company specialising in consolidating the fragmented UK construction sector, has today announced that its acquisition pipeline has surpassed £350million, in revenue terms, as more business owne... continue reading
Tue, 07 Apr 2020 | BUSINESS NEWS
The Treasury is understood to be considering user taxpayer money to buy equity stakes in medium-sized companies that have fallen between coronavirus schemes for small and large businesses.
According to reports, the Treasury is c... continue reading
Fri, 03 Apr 2020 | BUSINESS NEWS
Chancellor Rishi Sunak will today take new measures to support UK businesses affected by the coronavirus pandemic, extending the Coronavirus Business Interruption Loan Scheme (CBILS) for small businesses and announcing a new schem... continue reading
Tue, 31 Mar 2020 | BUSINESS NEWS
The UK government has launched the Coronavirus Business Interruption Loan Scheme (CBILS) as it looks to help UK SMEs that might suffer during the coronavirus pandemic. However, the scheme also appears to offer an unprecedented opp... continue reading
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Mobile phone supplier and recycler goes into administration | ADMINISTRATION
Mobile phone refurbishment company Redeem UK has gone into a...
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John Lewis to close eight stores as COVID-19 accelerates shift to online | BUSINESS NEWS
Department store chain John Lewis has said that eight of its...
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Chancellor cuts VAT on hospitality as part of £30 billion rescue plan | BUSINESS NEWS
Chancellor Rishi Sunak has announced a £30 billion pla...
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