Budget 2021: Hospitality businesses call for extended VAT cut

Due to the prolonged impact of coronavirus on the hospitality industry, firms within this sector urge Chancellor Rishi Sunak to extend the VAT reductions for a year in the Budget.

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Pub industry calls for reopening of the sector as sales halve

Prominent figures within the beer and pub industry are calling upon the Government to reopen pubs with non-essential shops when lockdown ends, as they are an indispensable contributor to the economy. 

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UK economy suffers “worst fall in 300 years”

The UK economy shrank by a record 9.9 per cent last year as coronavirus restrictions forced thousands of businesses to close, official statistics have revealed.

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Government urged to extend COVID business support measures

The Government is being urged to extend emergency coronavirus support in the upcoming Budget with a recent study warning that businesses face a £50 billion shortfall when the support measures end in April 2021.

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UK economy shrinks less than first feared after second national lockdown, economists reveal

The UK economy shrunk less than first feared during the second national lockdown, a major report has revealed.

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Government set to ban the sale of new petrol and diesel cars and vans from 2030

The Government is set to ban the sale of petrol and diesel cars and vans from 2030, with hybrid vehicles to follow in 2035.

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Government set to unveil legislation enabling ministers to block foreign takeovers of UK companies

The Government is set to unveil new legislation that will enable ministers to block firms from ‘hostile states’ from completing takeovers of UK companies.

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HMRC urges businesses to act ahead of end of transition period to “avoid disruption”

HM Revenue & Customs (HMRC) has written to over 250,000 VAT-registered businesses urging them to “act now” ahead of the end of the Brexit transition period.

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COVID-19: Payment holidays on credit cards, car finance and personal loans extended

Payment holidays on credit cards, car finance, personal loans and pawned goods have been extended following the Government’s announcement of a second lockdown from Thursday 5 November.

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From in-store to online: the rise of start-ups during the coronavirus pandemic

According to the Office for National Statistics (ONS), the number of new business start-ups has increased by 5 per cent during the third quarter of this year, compared to the same period in 2019.

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British businesses among “most optimistic” in Europe, Covid-19 study suggests

Businesses in the UK are more optimistic about their post-coronavirus prospects than in almost any other country in Europe, a major study has revealed.

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Heritage organisations set to receive £103 million under Culture Recovery Fund

Some 445 heritage organisations affected by Covid-19 are set to receive more than £103 million in affordable loans and grant funding, it has been revealed.

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COVID-19: National Audit Office warns up to 60 per cent of Bounce Back Loans may not be paid back

The Government’s spending watchdog, the National Audit Office (NAO), has warned that up to 60 per cent of businesses may not pay back the 100 per cent Government-backed Bounce Back Loans Scheme (BBLS) because of fraudulent applications and minimal credit

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Government set to announce extension of Coronavirus Business Interruption Loan Scheme

The Chancellor, Rishi Sunak, is expected to announce the extension of the Government’s Coronavirus Business Interruption Loan Scheme (CBILS) until the end of November.

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Ban on commercial evictions extended until the end of 2020

The Government has announced that it has extended the ban on commercial evictions until the end of 2020, meaning businesses cannot be evicted by landlords for getting behind on rent payments.

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