The Covid pandemic has reduced levels of economic activity across the UK this year. Households and businesses have generally been spending and investing less than they were before the pandemic struck. This fall in spending and investment risks significant job losses as many businesses face much lower demand for their goods and services. Although...
Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. Lockdown support: November update CJRS and the SEISS extended with England in second lockdown. Find out more here Mortgage payment holidays extended for six months Borrowers’ support extends as the coronavirus crisis deepens. Click here for further...
Just as we were entering the second national lockdown, Chancellor Rishi Sunak announced a five-month extension to the current Coronavirus Job Retention Scheme and increased the level of the next self-employed income support grant, writes Pearson May partner Matthew Rutter. The Chancellor told the House of Commons that the Coronavirus Job Retention Scheme (CJRS) will...
Business West, the region’s largest business organisation, has welcomed the latest extension to the governments’ furlough scheme, but urged Chancellor Rishi Sunak to come up longer-term measures to protect firms. Mr Sunak, pictured, this afternoon announced the furlough scheme would now run until the end of March, with the Treasury continuing to pay 80% of...
The new lockdown measures announced will be devastating to many Bath firms despite their best efforts to make themselves Covid-safe, the region’s largest business organisation has warned. Most businesses were forced to close yesterday as the country entered its second lockdown, with staff being urged to work from home where they can. Non-essential shops...
Local lockdowns have hit the post Covid-19 recovery at Bath-based specialist vehicle accident management group Redde as drivers in those areas make fewer journeys. But its sister businesses in its parent group Redde Northgate have had a stronger bounce back while last month’s £11m acquisition of accident repair services firm Nationwide is already showing...
1pm, the Bath-based specialist lender, has received accreditation from the British Business Bank to expand its lending under the government-backed finance scheme for firms impacted by the Covid-19 pandemic. 1pm Finance (UK), a wholly-owned subsidiary of 1pm, was originally approved as a Coronavirus Business Interruption Loan Scheme (CBILS) lender in May by the British Business...
Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. Job support scheme – extra support announced Chancellor Rishi Sunak has revealed an 11th-hour upgrade as Covid-19 cases rise. What you need to know is here Tax implications of moving home Residential property transactions increased by 21.3%...
Bath firms are being urged to prepare now for the end of the Brexit transition period on January 1 next year, despite many questions of how it will work in practice remaining unanswered. The government has launched a campaign for businesses with the strapline ‘Time is running out’ as talks with the EU over...
Business West, the group that runs Bath Chamber of Commerce, has welcomed the latest government job and self-employment support measures – but warned that many firms, including those in the city’s vital hospitality sector, continue to miss out. The new support package was announced yesterday by Chancellor Rishi Sunak as businesses in many areas...
