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05 Nov '200 Replies
Consumer Credit Borrowers: FCA proposes further support
Continue readingThe 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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03 Nov '20
Support for self-employed increased
Continue readingThe 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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02 Nov '20
Furlough scheme extended and changed for new lockdown
Continue readingThe 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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29 Oct '20
Chancellor to set out one-year Spending Review
Continue readingChancellor 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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26 Oct '20
NAO finds significant levels of furlough fraud
Continue readingA 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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26 Oct '20
Additional information on the Job Support Scheme
Continue readingH 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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05 Oct '200 Replies
Retirement plans altered by pandemic
Continue readingThe 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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30 Sep '20
Keeping your employees safe during COVID-19
Continue readingAs more businesses begin to open their doors (ourselves included), we understand there may be the nagging feeling of not ‘doing enough’ to keep your employees safe. Within this post we hope to expand on what you as an employer need to be doing differently to keep your employees safe during these times. Risk Assessments […]
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29 Sep '20
Furlough scheme set to move into final month
Continue readingThe 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. […]
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25 Sep '20
Business groups welcome extended coronavirus support
Continue readingBusiness 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 […]