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NewsPM: Furlough available for all lockdowns
The furlough scheme will be available in Scotland if it enters a national lockdown in the future, Boris Johnson has confirmed.
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Self-employed to get more support
Self-employed workers will be able to claim more financial support throughout England’s second national lockdown, Chancellor Rishi Sunak has confirmed.
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Scotland calls to clarify furlough extension
The Scottish government has asked the UK government to clarify the extent of the extension to the furlough scheme.
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Business borrowing from banks surges
The amount of money businesses are borrowing from banks has surged this year as a result of the Covid-19 pandemic, an economic forecaster has reported.
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England to go into second lockdown
England will enter a month-long lockdown from Thursday 5 November, Prime Minister Boris Johnson announced last night.
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500,000 businesses in ‘significant distress’
More than half a million businesses across the UK have been described as “zombie companies” facing “significant distress” before the end of the year.
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1,700 employers planned redundancies in September
The number of businesses in the UK that planned redundancies in September surged close to the levels seen in the summer, according to new figures.
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Covid ‘returning households to gender norms’
There are concerns that COVID-19 restrictions may have led to many households returning to traditional gender norms, according to new research by Vienna University of Economics and Business.
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CBI boss slams Brexit negotiations
The outgoing head of the UK’s biggest business group has criticised the pace of Brexit negotiations, claiming it has left businesses in “suspended animation”.
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Young and ethnic minorities most likely to lose job after furlough
Young people and people from ethnic minorities are more likely to have lost their job after returning to work from furlough than any other demographic, new figures show. A survey of 6,000 people in the UK, conducted by the Resolution Foundation, found that 19% of 18-24 year olds who were ...
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Bosses back tougher laws to protect workers
The majority of business leaders in the UK would support stricter employment laws, including a higher minimum wage, if it meant protecting workers during the second wave of Covid-19.
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Investment industry urged to promote more black women
The investment industry is being urged to do more to tackle systemic discrimination by promoting more black women. Black Women in Asset Management (BWAM) – a group of 300 industry professionals in England and Wales - has written to investment firms calling on them to take more action than “solidarity ...
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16 million jobs at risk if SMEs don't get targeted support
More than 16 million jobs could be at risk in the UK if the country's small and medium-sized enterprises (SMEs) do not receive targeted support measures to help them through the Covid-19 pandemic, researchers have warned. King's Business School said many of the UK's SMEs are in a "precarious" position, ...
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Government scraps long-term spending review
Image: BBC The government has scrapped its plans to deliver a long-term Spending Review as uncertainty surrounding the economy continue. It had hoped that the Chancellor Rishi Sunak would outline the government's spending plans for the remaining years of this Parliament. Instead, he will set out a one-year review ...
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Tier 2 areas set for more support
Businesses in tier 2 lockdown areas will receive more financial support from the government, the Chancellor Rishi Sunak is expected to announce today (Thursday). Currently, the Job Support Scheme, which will replace the furlough scheme in November, is only available to businesses ordered to close as part of the tier ...
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New businesses increase 5% in Q3
The number of people launching businesses in the UK has risen by more than 5% since last year, despite the hugely challenging conditions facing firms, according to analysis of ONS data by digital bank Starling.
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Everything you need to know about Wales’ ‘fire break’ lockdown
Wales will enter a two-week ‘fire break’ lockdown from Friday, First Minister Mark Drakeford announced yesterday (Monday).
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SME manufacturers take on debt to cope with Covid
More than half of small and medium-sized manufacturers in the UK have taken on debt to cope with the financial impact of the Covid-19 pandemic.
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New coronavirus rules ‘catastrophic’ for business
Businesses are in desperate need of more financial support to avoid the “catastrophic consequences” of tougher coronavirus rules, the British Chambers of Commerce (BCC) has warned.
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Covid sparks record shop closures
The number of High Street shops closed during the first half of the year rose to record levels as a result of the Coronavirus pandemic.
