The automotive sector has been particularly hard hit by the coronavirus crisis, with thousands of job losses already announced and many more at risk. So it’s bitterly disappointing that the chancellor this week stopped short of supporting the restart of one of the UK’s most important employers and a driver of growth – not just […]
Reach Commercial Finance has help realise a dream for an artisan butcher from Fordingbridge in Hampshire by securing a £150K loan under the Enterprise Finance Guarantee (EFG) scheme. The funding for Fordingbridge Farm Foods Limited, which was sourced at a time when banks were being highly cautious about lending to the retail sector, means that […]
More than 100 intermediaries attended each of the six CPD-accredited webinars held by Hodge during lockdown. The webinars were aimed at brokers who are already or are considering entering the later-life lending market to help them learn more or branch out during a difficult time for the industry. The CPD-accredited webinars were free to attend, […]
The operator of a group of residential and holiday caravan parks is looking forward to the future after receiving support through the Coronavirus Business Interruption Loan Scheme (CBILS) from Lloyds Bank. North Yorkshire-based, York House Leisure, has four parks across the region with more than 500 caravan plots used by both residents and holidaymakers. The […]
The reported arrest of a man on suspicion of defrauding the government’s furlough scheme out of nearly half a million pounds could just be the tip of the iceberg says leading tax and advisory firm Blick Rothenberg. Fiona Fernie, a tax dispute and resolution partner at the firm said: “HMRC has started investigations into companies […]
An overwhelming majority (93.7%) of respondents to a survey of members of the insolvency and restructuring profession carried out by the profession’s trade body R3 expect corporate insolvency numbers to increase over the next year. More than half (56.1%) of the respondents to R3’s member survey who work in corporate insolvency said they expected corporate […]
Covering the five weeks 31 May – 4 July 2020 Shops in Northern Ireland opened on 12th June, and in England on 15th June. As a result, we have provided details of the split between the first two weeks (pre-lockdown) and remaining three weeks (post-lockdown). According to BRC-ShopperTrak data: UK footfall decreased by 62.6% in […]
53% of property and commercial finance brokers responding to United Trust Bank’s most recent Broker Sentiment Survey have reported that they are open for business with 100% of their pre-Covid-19 capacity. A further 18% are operating at around 75% capacity. The survey, carried out amongst over 120 brokers in the last week of June, revealed […]
The EU is the UK’s largest trading partner and the source of a huge amount of the goods we buy. Four-fifths of UK food imports come from the EU and EU imports also play a key role in the supply chains for fashion, homeware, and other retail sectors. The BRC launched its “A Fair Deal […]
The Chartered Institute of Taxation (CIOT) has welcomed figures published today (Thurs) showing that the ‘tax gap’ has fallen by a third in five years. But the CIOT has warned that the complexity of the tax system means taxpayer error is likely to remain high going forward, and that tax lost to non-payment due to […]
