COVID-19



'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

KPMG: GDP to drop by 2.6% in 2020

The impact of the COVID-19 virus is expected to see the UK economy contract by 2.6% in 2020, according to KPMG UK’s latest quarterly Economic Outlook.

Published 23 March 2020

Over half a million UK companies in financial distress

In the wake of the coronavirus outbreak, the number of UK companies in financial distress has surpassed half a million.

Published 23 March 2020

TSB unveils support for SME suppliers and business customers during coronavirus outbreak

TSB has today announced it will ensure that all of its smallest suppliers will be paid within just 10 days of invoicing the bank.

Published 23 March 2020

Chancellor announces government will pay workers wages amid coronavirus outbreak

Chancellor Rishi Sunak's announcement that the UK Government will pay the wages of employees unable to work due to the COVID-19 outbreak has been roundly welcomed.

Published 23 March 2020

Udrafter offers helping hand to businesses struggling during coronavirus outbreak

Scottish tech start-up Udrafter is offering a helping hand to businesses and students battling through the coronavirus crisis.

Published 23 March 2020

Bank of England slashes interest rates again amid coronavirus measures

The Bank of England has announced a second cut to interest rates amid a series of measures in response to the coronavirus pandemic.

Published 20 March 2020

UK government coronavirus support 'flawed', financial company warns

The UK government's proposed Coronavirus Business Interruption Loan Scheme is "flawed" and does not address "fundamental issues", a corporate financial and business consultancy firm has said.

Published 20 March 2020

Shepherd and Wedderburn establishes COVID-19 advisory group to support clients

Shepherd and Wedderburn has established a COVID-19 advisory group, which draws relevant, specialist expertise from across the firm to support clients with informed, pragmatic legal advice on the unprecedented challenges posed by the global pandemic.

Published 20 March 2020

Edinburgh-based Appointedd to offer free services to SMEs amid coronavirus outbreak

Edinburgh-based online booking and business management software provider Appointedd has announced that it will offer its services for free to small business customers struggling in wake of the coronavirus crisis.

Published 20 March 2020

Cheers! Caledonian Breweries announces price freeze and debt repayment holiday

Caledonian Breweries, which produces Tennent's, has announced measures to support the drinks industry during the coronavirus outbreak by freezing its on-trade wholesale prices and granting a three-month debt-repayment holiday to loan customers.

Published 19 March 2020

Gilson Gray issues guidance for businesses on Statutory Sick Pay

Law firm Gilson Gray has issued helpful guidance for employers and employees looking for clarity on Statutory Sick Pay (SSP) as the COVID-19 pandemic begins to affect businesses of all sizes across the UK.

Published 19 March 2020