Business and Economics
Business and Economics News
Insurers face litigation in relation to business interruption claims
After paying thousands in insurance premiums over the years, many businesses are being told that their insurance policies do not provide cover for pandemics.
Michael Gove tipped to lead UK economy out of coronavirus slump
The UK is expected to see the deepest economic slump for several centuries.
Sunak unveils 100% state-guaranteed loans of up to £50,000 for small firms
The loans, which will have the interest paid by the Government for the first 12 months, will be available from 9am next Monday.
Covid-19 loans providing just 2% of cash needed to cover unpaid bills – research
New research by payments service bePayd said money needs to flow faster to cover the £212.8bn in unpaid invoices due to SMEs.
The new priority during Covid crisis: bailing out offshore billionaires
Coronavirus provides a once in a lifetime opportunity to clamp down on tax avoidance, but will we take it?
Rishi Sunak considers 100% loans to small businesses as pressure mounts
Senior bankers are reportedly working with the Treasury on a new scheme which could be launched as early as next week.
“We can start reshaping the post-crisis economy now” – McDonnell
The former shadow chancellor has called on the government to use Covid-19 as an opportunity to make a dent in tax avoidance.
US unemployment claims reach 26m as coronavirus causes huge job losses
About one in six American workers have lost their jobs in the past five weeks.
UK could see deepest economic slump for several centuries, Bank of England says
Gertjan Vlieghe, who sits on the central Bank’s Monetary Policy Committee (MPC), said in a speech that state support will help ease the pain.