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FSB urges government to provide greater support for UK exports April 29, 2021

The Federation of Small Businesses (FSB) has urged the government to act in order to support small businesses exporting to the EU. The latest figures published by the Office for National Statistics (ONS) showed that UK GDP and total exports fell by 7.8% and 10.3% respectively in February 2021 when compared to February 2020. The
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Start of new tax year ushers in raft of fiscal changes April 29, 2021

The 6 April start of the new tax year sees important fiscal and business changes come into effect, including the introduction of the new coronavirus (COVID-19) Recovery Loan Scheme (RLS). The RLS provides financial support to businesses affected by the COVID-19 pandemic. The scheme gives lenders a guarantee of 80% on eligible loans between £25,000
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ICAEW warns SMEs have ‘limited window’ to apply for Brexit grant April 29, 2021

The Institute of Chartered Accountants in England and Wales (ICAEW) has warned eligible small and medium-sized enterprises (SMEs) that they have a limited window to apply for a grant under the Brexit Support Fund. SMEs seeking to make use of the Fund only have until 30 June 2021 to apply, the ICAEW stated. It also
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Workers benefit from increases in National Minimum and Living wages April 29, 2021

UK workers have benefitted from rises in the National Minimum Wage (NMW) and the National Living Wage (NLW) rates that took effect from 1 April 2021. The NMW has risen from £8.20 to £8.36 and the NLW has risen from £8.72 to £8.91. 23 and 24-year-olds are now eligible for the NLW – prior to
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Over £46 billion borrowed through Bounce Back loans April 1, 2021

More than 1.5 million Bounce Back loans have been taken out since the coronavirus (COVID-19) support scheme was launched last May, with borrowing by businesses now over £46 billion, according to the Treasury. The existing loan structure is set to be replaced in April with a new Coronavirus Recovery Loan Scheme, although application details have
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