According to the 2021 Digital Transformation Assessment conducted by The Manufacturer and IBM, 67% of manufacturers have accelerated their adoption of digital technologies as a result of the coronavirus pandemic. Only 16% have suspended their digital adoption...
In recent years slowing down climate change by reducing emissions has become a top priority for many countries around the world. In 2019 the UK government signed a legally binding target of net zero emissions by 2050. A survey of senior figures (managing directors,...
The Chancellor has announced a new one-off top-up grant which will be available for businesses in the retail, hospitality, and leisure sectors. The grants will be worth up to £9,000 per property. This grant is available on top of business rates relief and the furlough...
Homebuilding is increasing There has been an increase in home building in October with construction firms starting new projects. This could be due to the Government’s cut in Stamp Duty Land Tax (SDLT). This cut is saving home buyers thousands of pounds which is...
Recent polls and fundraising data have indicated that donations to NHS charities have risen dramatically since March. Whilst this is perhaps not surprising other charity sectors have seen a decline in donations, this includes homeless and animal shelters as well as...
Furlough Scheme extended until March 2021 The Chancellor Rishi Sunak has recently announced that the furlough scheme will be extended until the end of March 2021. This comes just a few days after the government announced the scheme would be extended until 2 December...
The Prime Minister has recently announced that the following schemes will all be extended to 31 January 2021: Coronavirus Business Interruption Loan Scheme (CBILS) Coronavirus Large Business Interruption Loan Scheme (CLBILS) The Bounce Back Loan Scheme (BBLS)...
HMRC launch microservice to aid employees working from home as a result of COVID-19 reclaim expenses HMRC has simplified the process for applying for working-from-home tax relief due to an influx of applications, with more people working from home as a result of the...
Introduction In this article, we are going to be discussing COVID-19 spending habits. The use of cash is declining quicker The amount of cash being used was decreasing before the coronavirus lockdown and the coronavirus pandemic has only sped this up. Customers are...
The latest figures from the Office for National Statistics certainly suggest that the retail sector is slowly recovering since the coronavirus crisis. In July 2020 the volume of retail sales increased by 3.6% and is 3% higher than pre-pandemic levels in February 2020....
The Chancellor Rishi Sunak has announced a new Job Support Scheme to top up the wages of workers on reduced hours along with other emergency measures to assist businesses. We have provided a summary of the announcements. Job Support Scheme The new Job Support...
It is expected that Mortgage Payment Holidays will expire on 31 October 2020 (according to Britain’s financial watchdog). Even though many homeowners may be finding it difficult to pay their mortgage. The Financial Conduct Authority (FCA) did extend the scheme in June...