• Real Living Wage increases across the UK

    Real Living Wage increases across the UK

    The Real Living Wage (RLW) has increased to £9.50 per hour across the UK. The Living Wage Foundation, the charity which sets the voluntary wage, has raised the national RLW rate by 20p to £9.50 an hour. The London RLW has risen by 10p to £10.85 per hour. The increase will benefit over 250,000 people working for almost 7,000 […]

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  • Bounce Back Loan: Over £1 billion worth of fraudulent

    Bounce Back Loan: Over £1 billion worth of fraudulent

    The Public Accounts Committee (PAC) identified more than £1 billion worth of fraud in the government’s coronavirus (COVID-19) Bounce Back Loan Scheme (BBLS) during the first six months of the scheme being in operation. In a letter to the PAC, which has been looking at the operation of the Bounce Back Loan Scheme, Catherine Lewis […]

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  • Furlough scheme extended until end of March

    Furlough scheme extended until end of March

    Chancellor Rishi Sunak has extended the furlough scheme, officially known as the Coronavirus Job Retention Scheme (CJRS) until the end of March 2021. The CJRS was supposed to have ended after being scaled back to cover 60% of salaries during October. However, on 31 October Prime Minister Boris Johnson announced a new national lockdown for […]

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  • Consumer Credit Borrowers: FCA proposes further support
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    Consumer Credit Borrowers: FCA proposes further support

    The Financial Conduct Authority (FCA) is proposing further support for consumer credit borrowers affected by the coronavirus (COVID-19). The UK’s financial regulator announced tailored measures for consumer credit borrowers in September and said it would keep them under review as the situation evolved. With a second national lockdown starting today, it has made further proposals. […]

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  • Support for self-employed increased

    Support for self-employed increased

    The government has increased the support available to self-employed workers and extended its emergency business loan schemes as the UK heads for a second national lockdown. Regarding support for the self-employed, the government has increased the third instalment of the Self-employment Income Support Scheme (SEISS). Taking it from 40% to 80% of average trading profits […]

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  • Furlough scheme extended and changed for new lockdown

    Furlough scheme extended and changed for new lockdown

    The Coronavirus Job Retention Scheme / furlough scheme (CJRS) has been extended until December, with furloughed employees set to receive 80% of their salary for hours not worked and businesses asked only to cover national insurance and employer pension contributions. On 31 October Prime Minister Boris Johnson announced a new national lockdown for England that […]

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  • Chancellor to set out one-year Spending Review

    Chancellor to set out one-year Spending Review

    Chancellor Rishi Sunak will set out a one-year Spending Review on 25 November as the government continues to tackle the economic slump caused by the coronavirus (COVID-19) pandemic. The Spending Review will set departments’ resource and capital budgets for 2021/22, and the Devolved Administration’s block grants for the same period. The Review will focus on three […]

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  • NAO finds significant levels of furlough fraud

    NAO finds significant levels of furlough fraud

    A report published by the National Audit Office (NAO) has revealed that significant levels of furlough fraud occurred during the first few months of the coronavirus (COVID-19) pandemic. Employers committed furlough fraud if they claimed furlough payments but kept employees working for them against Coronavirus Job Retention Scheme (CJRS) rules. According to the NAO, HMRC’s […]

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  • Additional information on the Job Support Scheme

    Additional information on the Job Support Scheme

    H M Revenue & Customs have recently shared additional information regarding the Job Support Scheme. Including how you can check whether you are eligible and when you can make your first claim, all details can be found on gov.uk by searching ‘Job Support Scheme’. Or you can click here.   The Job Support Scheme (JSS) […]

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  • Retirement plans altered by pandemic
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    Retirement plans altered by pandemic

    The COVID-19 pandemic has changed the retirement plans of one in eight older workers, according to research by the Institute for Fiscal Studies (IFS). The think tank’s study was based on a survey of data from the English Longitudinal Study of Ageing (ELSA) COVID-19 survey covering some 10,000 people aged 50 and over. The findings […]

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