The UK government borrowed £35.9 billion in August as the coronavirus pandemic took its toll on the public finances, according to the latest figures released by the Office for National Statistics (ONS).
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Savers in their mid-40s and younger will have to wait a further two years to access their private pensions, it emerged last night.
Trade minister Ivan McKee is calling for the UK Government to seek action to tackle antimicrobial resistance (AMR) in future free trade agreements with other countries. In a letter to UK Government’s trade minister Greg Hands, Mr McKee expressed concern that should this issue not be addressed
An aerospace centre of excellence will be built adjacent to RAF Lossiemouth, thanks to £21 million of funding, UK Government minister for Scotland, Iain Stewart, has announced.
The UK Government borrowed £62.1 billion in April, marking the highest monthly figure on record as it tried to navigate the country through the coronavirus crisis, according to the latest figures from the Office for National Statistics (ONS).
A new online service for small and medium sized employers to recover statutory sick pay (SSP) payments they have made to their employees will launch on May 26, the UK Government has announced today. Announced in the March 11 Budget as part of a package of support measures for businesses affected by
The UK Government has extended the maximum loan size available through the Coronavirus Large Business Interruption Loan Scheme (CLBILS) from £50 million to £200m. The move aims to ensure those large firms which do not qualify for the Bank of England’s COVID Corporate Financing Faci
Small firms in the UK have received £8.4 billion through the UK Government's "bounce back" loans scheme since the loans were launched last week
Chancellor Rishi Sunak has announced that the UK Government's job retention scheme has been extended until October. The scheme will ensure that workers who have been furloughed because of the coronavirus pandemic are paid 80% of their monthly wages up to £2,500.
The UK Government has announced that small businesses will benefit from a new fast-track finance scheme providing loans with a 100% government-backed guarantee for lenders. Under the new initiative, businesses will be able to borrow between £2,000 and £50,000 and access the cash within d
Fergus Ewing, tourism secretary for Scotland, has written to the UK Government calling for it to amend its job retention scheme to help tourism businesses survive the economic impact of the coronavirus (COVID-19) pandemic. In a letter to Nigel Huddleston, minister for sport, tourism and heritage,&nb
The UK Government has unveiled a £1.25 billion package to support start-ups that are not eligible for existing coronavirus funding schemes. The new scheme will match up to £250 million of private investment and add £550m to an existing loan and grant scheme for smaller f
The UK Treasury has announced that loans to all medium-to-large firms will now be included in the government's £330 billion coronavirus support package for the economy. All viable companies with a turnover of more than £45 million will be able to apply for government-backed support, including thos
Two hundred and fifty accountancy firms have written to the UK Government calling for more help for small enterprises.
Chancellor Rishi Sunak has announced further measures to support firms affected by the coronavirus crisis, by bolstering business interruption loans for small businesses and announcing a new scheme for larger companies. To maximise the support available, the Chancellor is extending the Coronavirus B