The Financial Conduct Authority (FCA) is fast-tracking new measures that will force banks to freeze loans and credit card payments for up to three months to help those individuals whose finances are affected by the Coronavirus outbreak. The measures should … Continue reading
Latest amendments to the Coronavirus Job Retention Scheme announced
The Government has made several amendments to the Coronavirus Job Retention Scheme (CJRS), which was first announced by Chancellor, Rishi Sunak on 20 March, immediately after the Prime Minister ordered the closure of pubs, restaurants and bars. The scheme is … Continue reading
The Coronavirus Large Business Interruption Loan Scheme (CLBILS)
The Government has announced a further scheme to support businesses through the Coronavirus crisis. The Coronavirus Large Business Interruption Loan Scheme (CLBILS) is aimed at large businesses with annual turnovers of between £45 million and £500 million. These businesses cannot … Continue reading
Employment Allowance changes come into effect from April
For more than half a decade the Employment Allowance (EA) has entitled employers to a maximum of £3,000 off their annual secondary Class 1 NIC bill. However, a new restriction on the EA will come into force from April, which … Continue reading
Bank overdrafts to become more expensive for some under new changes
The UK’s major banks and building societies are set to increase the interest they charge on overdrafts as part of a major change due to come into effect from April. There are three main changes being introduced which will affect … Continue reading
