Tens of thousands of businesses will receive insurance payouts covering losses from the first national pandemic lockdown. The ruling from the Supreme Court has delivered its judgment in the Financial Conduct Authority’s (FCA)’s business interruption insurance test case. The Supreme Court has substantially allowed the FCA’s appeal on behalf of policyholders. This completes the legal process for impacted…

The coronavirus pandemic has exacerbated the late payments burden hitting UK businesses, new survey figures from the Institute of Directors (IOD) reveal. Over a third of company directors polled by the IoD said they had faced an increase in late payments during the pandemic, with almost one in ten reporting they had experienced significantly more…

After a challenging 12-months, small businesses resilience has not wavered as we start a New Year. Nationally, 83% of small firms say they have a fresh set of goals in place to secure the growth for the year ahead, according to new Business Barometer research from Hitachi Capital Business Finance. At a time when the…

A survey of SME workers has found that close to 2 out of 3 people (65%) have suffered from mental health issues as a direct outcome of the pandemic, with women suffering marginally more than men. The survey by Purbeck Insurance Services found 66% of women have suffered from issues such as poor sleep, feelings…

Retailers suffered their worst annual sales performance on record in 2020 according to new British Retail Consortium (BRC) figures. The figures for 2020 overall indicated that total sales declined 0.3% compared with 2019. Food growth was 5.4% and the Non-Food decline was 5.0% for the year. In-Store sales of Non-Food items declined by 24%, compared…

With the UK now officially separated from the European Union, new research from Nucleus Commercial Finance has found that the UK’s SMEs are worried about their future and the negative impact Brexit will bring to the economy. The research found that three in ten (30%) small to medium-sized businesses think Brexit will have a negative…

Finance leaders expect a return to growth in 2021 with optimism rising to a record high, according to Deloitte’s latest CFO survey. Despite the surge in business optimism, half of CFOs do not expect demand for their own businesses to recover to pre-pandemic levels until the last quarter of 2021 or later. The Deloitte CFO…

Cifas, the UK’s leading fraud prevention service, is warning UK taxpayers to be vigilant of scams as the 31st January deadline for self-assessment tax returns approaches. On top of scammers taking advantage of the uncertainty caused by the pandemic throughout 2020, HMRC received more than 846,000 reports of suspicious communications impersonating them in the 12…

A new report by the Credit Services Association (CSA) says that taxpayers could be saved huge sums if debt collectors are allowed to take on a bigger role in collecting unpaid coronavirus loans. The trade body is calling for an investment in BBL Engagement Scheme and use of  professional collections agencies to ensure fair and…

1 2 3 115