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Vaccination programme set to boost economic recovery February 11, 2021

The UK’s coronavirus (COVID-19) vaccination programme will help the UK economy rebound strongly this year, according to the Bank of England (BoE). The economy is expected to shrink by 4.2% in the first three months of 2021 as a result of the third national lockdown. However, the BoE’s policymakers expect a rebound in the spring
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Government announces £1,000 bonus to help businesses take on trainees February 4, 2021

Employers can now apply for a £1,000 cash boost to help them take on new trainees, the government has announced. The new scheme will support young people to gain the skills and experience they need from the very start, helping them to get a job, an apprenticeship, or to pursue further study. The cash boost
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CBI urges government to publish roadmap out of lockdown February 4, 2021

The Confederation of British Industry (CBI) has urged the government to work with businesses to formulate a roadmap out of the latest coronavirus (COVID-19) lockdown in England. The government expects to publish its exit strategy out of lockdown in late February. The CBI stated that it is already consulting its members in regard to how
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Finance Secretary for Scotland outlines spending plans in 2021/22 Scottish Budget February 4, 2021

On 28 January, Finance Secretary for Scotland, Kate Forbes, outlined plans for Scottish spending and taxation in the 2021/2022 Scottish Budget. In the Budget, Ms Forbes announced plans to continue first-time homebuyer relief, which raises the nil-rate band for Land and Buildings Transaction Tax (LBTT) to £175,000. The Budget also highlighted plans to return the
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Nine million people borrowed more in 2020 as result of COVID-19 pandemic February 4, 2021

Almost nine million people had to borrow more money in 2020 as a result of the coronavirus (COVID-19) pandemic, data published by the Office for National Statistics (ONS) has revealed. According to the ONS, the proportion of workers borrowing £1,000 or more increased from 35% to 45% since June 2020. It found that the self-employed
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