The Government has announced a new extension to breathing space measures which will be used to protect businesses from insolvency during the coronavirus (COVID-19) pandemic. A raft of changes to protect businesses from insolvency were introduced in the Corporate Insolvency and Governance Act and were due to expire on 30th  September 2020. The new temporary…

Chancellor, Rishi Sunak has outlined additional government support to provide certainty to businesses and workers impacted by coronavirus across the UK. Delivering a speech in Parliament, the Chancellor announced a package of measures that will continue to protect jobs and help businesses through the uncertain months ahead as we continue to tackle the spread of…

The ICAEW has called for the government to reduce the business rates multiplier, in its response to the first stage of HM Treasury’s review of business rates. The ICAEW says that the Government must act swiftly to help struggling companies by reducing business rates after the holiday in some sectors. ICAEW’s call followed the end…

Over £100 billion in support from banks and the government has been received by UK firms through coronavirus stimulus initiatives, with lenders distributing more than £58 billion and companies claiming £39.3 billion under the furlough schem. Figures from HM Treasury published today reveal that UK lenders have supported over 1.33 million businesses across the country…

The Federation of Small Businesses (FSB) National Chairman Mike Cherry, has responded to Boris Johnson’s speech in the Commons in which he outlined fresh restrictions for businesses in England as the pandemic figures for COVID-19 grow into a potential second wave. Cherry said, “We’ve already suffered from six months of disruption linked to this virus,…

Trade body UKHospitality has said 900,000 jobs would be at risk if the sector was forced to close again without financial support. The trade body has called on the  Government to offer a sector-specific package of employment support that helps businesses retain valuable workers. Giving evidence to the House of Lords Economic Affairs Committee, Chief…

Debbie Nolan has succeeded Pete Whitmore as Chair of the Chartered Institute of Credit Managers  (CICM) Executive Board of Trustees. She is joined in her new position by Phil Rice as Vice-Chair and Glen Bullivant as Treasurer. Nolan, the UK CEO of global financial solutions company, Arvato, has been a graduate member of the CICM…

The Government has announced that Companies House will be reformed to clamp down on fraud and money laundering, with directors unable to be appointed until their identity has been verified. The changes aim to increase the reliability of the data showing who is behind each company so that businesses have greater assurance when they are…

Despite the end of the Eat Out to Help Out scheme and rules on social distancing still in place, diners are spending more in restaurants than they were this time last year, customer card spending data from Lloyds Bank has shown The first seven days of September saw restaurant spend up 14% on the same…

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