The government has published further guidelines on the Coronavirus Job Retention Scheme (CJRS) to provide more clarity particularly on changes in legislation and eligibility.
The UK economy contracted by 2% - its fastest pace since the financial crisis - in the first three months of the year, as Covid-19 took hold. This followed a zero-growth figure from the final quarter of 2019.
Late payments are challenging at the best of times but keeping cashflow moving during the current pandemic adds another layer of uncertainty to an already difficult time for small UK businesses, who are likely to have seen work dry up and offices closed.
Yesterday (27th April), the Chancellor announced the launch of a rapid loan scheme which would inject a vital boost to UK businesses within 24 hours of application.
The health and wellbeing of our employees, clients and suppliers is paramount during this uncertain time. identeco has responded to Government advice and our offices are now shut with business operations working remotely.
If you are lucky enough to have the structure of working from home during COVID-19, you’ll appreciate that it is not without its challenges. As we enter week four of lockdown, you might be struggling to stay motivated and retain work/life balance.
Defence, military and aerospace firms featured on the list of businesses who have been suspended from the Prompt Payment Code for failing to pay their suppliers on time.
We look at Chancellor Rishi Sunat’s first budget and what impact this will have on UK SMEs.