COVID-19



Jennifer Skeoch: Coronavirus job retention scheme

Jennifer Skeoch, partner in the employment team at Burness Paull, details the new measures announced by the British Government to support employers and workers during the coronavirus pandemic.

Published 25 March 2020

UK cash usage halves after coronavirus measures come into force

Cash usage in the UK has halved in the last few days after coronavirus social distancing and 'lock down' measures were implemented this week, according to Link, the UK's biggest ATM operator.

Published 25 March 2020

Construction firms suspend dividends

Springfield Properties, Persimmon and Morgan Sindall have all revealed plans to suspend dividends to shareholders to preserve cash amid the COVID-19 outbreak.

Published 25 March 2020

Gender pay gap deadline suspended for a year

The enforcement of the gender pay gap reporting deadlines has been suspended for this year.

Published 25 March 2020

Banks increase loan charges amid coronavirus worries

Banks are increasing the cost of personal loans and overdrafts as millions of people plunge into financial difficulty because of the coronavirus pandemic.

Published 24 March 2020

Stagecoach bosses to take 50% pay cut to mitigate coronavirus impact

Perth-based bus company Stagecoach has increased its efforts to mitigate the impact of the coronavirus pandemic on their businesses with its directors giving up 50% of their pay for an unspecified period of time.

Published 24 March 2020

UK pensions hit by market decline

UK pensions have been hit by the economic problems stemming from the coronavirus outbreak, as around 7.5 million low and moderate earners in Britain have lost between 13% and 18% of their pension savings since the coronavirus crisis began.

Published 24 March 2020

PMI: Record slump in business activity amid coronavirus outbreak

IHS Markit/CIPS Flash UK PMI has signalled a record slump in business activity amid emergency public health measures to halt spread of coronavirus.

Published 24 March 2020

Kirsty Paton: ASA could save the day for company investors

Kirsty Paton, tax specialist from the entrepreneurial tax team at accountants Chiene + Tait, discusses how Advanced Subscription Agreements (ASA) could save the day for company investors amid the coronavirus uncertainty.

Published 24 March 2020

Karen Thomson details updates to IR35 ruling

Karen Thomson, payroll partner at Armstrong Watson, has detailed the key facts surrounding the update to IR35 'Off Payroll Working' announced by the British Government as part of the coronavirus measures.

Published 24 March 2020

FCA releases statement on UK markets

The Financial Conduct Authority (FCA) has said that it is working with international counterparts in the US, EU and elsewhere so that markets can remain open and orderly, and so they can continue to perform their essential role in supporting businesses, governments, jobs and the broader economy.

Published 24 March 2020

'Its business as usual' says Revolut

Nic Storonsky, chief executive of Revolut, has refuted rumours that the fintech is facing financial difficulties in the wake of the coronavirus outbreak.

Published 24 March 2020

Clydesdale Bank and Yorkshire Bank offers support to business customers

Clydesdale and Yorkshire Bank, owned by Virgin Money UK, is one of the accredited lenders participating in the Coronavirus Business Interruption Loan Scheme, being delivered by the British Business Bank, to support the continued provision of finance to SMEs during the COVID-19 outbreak.

Published 24 March 2020

Accountant in Bankruptcy suspends sale and evictions from property in ongoing administrations

Scotland's insolvency service Accountant in Bankruptcy (AiB) has suspended sales and evictions from property in ongoing bankruptcy administrations until further notice in response to the current coronavirus pandemic.

Published 23 March 2020

Kingdom Housing Association speeds payments to help businesses during coronavirus crisis

Kingdom Housing Association has taken the decision to settle invoices immediately in recognition of the increasing importance of cash flow to its commercial partners during the current period of coronavirus uncertainty.  

Published 23 March 2020