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. […]

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 […]

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 […]

The government’s Coronavirus Job Retention Scheme (CJRS)/furlough scheme moves into its final phase this October before a new scheme comes into force. The furlough scheme has supported more than nine million people since it was launched by Chancellor Rishi Sunak in March in a bid to protect jobs and businesses during the coronavirus (COVID-19) pandemic. […]

Business groups have broadly welcomed the extended business coronavirus support measures announced in the Chancellor of the Exchequer’s Winter Economy Plan. Commenting on the Job Support Scheme, Dame Carolyn Fairbairn, Director-General at the Confederation of British Industry, said: ‘These bold steps from the Treasury will save hundreds of thousands of viable jobs this winter. It […]