Crash! Everything has changed over the past week – or has it? What has happened over the past few days is profoundly troubling, but when you get a shock such as this you have to distinguish between what is really new and different – and what is within our past experience. The global collapse (and … Read more
Morrisons agrees to pay suppliers immediately to ensure businesses do not collapse By Daily Mail City & Finance Reporter Published: 21:50 GMT, 13 March 2020 | Updated: 22:01 GMT, 13 March 2020 Morrisons has become the first major UK supermarket to agree to pay small suppliers immediately to ensure businesses do not collapse due to … Read more
Government pushes businesses to go greener as taxes are raised for gas bills – but frozen for electricity rates Chancellor announced in the Budget that gas levies will rise Changes will come into effect in April 2022 Electricity is better for the environment than gas – but is currently taxed more By Grace Gausden For … Read more
Business leaders cheered the Chancellor’s £30billion emergency package of coronavirus-battling measures to help big and small firms in today’s Budget. In his first Budget, Rishi Sunak pledged extra help for the High Street, gig economy workers, and the small businesses that are considered the backbone of the UK economy, as the country faces huge disruption … Read more
When the financial crisis of 2008 hit, the then prime minister Gordon Brown was ready with the big bazooka. With two of the nation’s biggest banks, Royal Bank of Scotland and Lloyds-HBOS just hours from running out of cash, the then Labour government launched a near one-trillion-pound rescue package for big banks, business and consumers. … Read more
Chancellor’s £5bn pot to support UK exports as businesses prepare for life after Brexit By City & Finance Reporter for the Daily Mail Published: 22:44 GMT, 10 March 2020 | Updated: 22:44 GMT, 10 March 2020 The Chancellor is set to hand a £5billion boost to British exports as businesses prepare for life outside the … Read more
Businesses are preparing for large parts of their workforces to be off work because of the coronavirus after officials said even mildly ill people should stay home. The English Chief Medical Officer, Professor Chris Whitty, admitted people could soon be told to self-isolate for a week if they have any sort of cold or flu-like … Read more
IMF urges governments and central bankers to take action to protect businesses By James Salmon for the Daily Mail Published: 21:51 GMT, 9 March 2020 | Updated: 21:51 GMT, 9 March 2020 The International Monetary Fund has piled pressure on governments and central bankers around the world to do more to combat the economic fallout … Read more
Lloyds Bank faces new police investigation into allegations of fraud against small businesses By A Daily Mail Reporter Published: 23:46 GMT, 1 March 2020 | Updated: 07:43 GMT, 2 March 2020 Lloyds Bank is facing a new police investigation into allegations of fraud against small businesses. Cardiff-based property investor Kashif Shabir has claimed the bank … Read more
A scheme to help small businesses turned down by banks borrow from peer-to-peer and alternative finance firms has proved ‘underwhelming’ and needs an overhaul, say experts. The Government-backed Bank Referral Scheme was launched in November 2016 and requires the UK’s biggest banks to refer small and medium-sized businesses they turn down for finance to a … Read more