Covid-19

676-690 of 697 Articles
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Nic Storonsky, chief executive of Revolut, has refuted rumours that the fintech is facing financial difficulties in the wake of the coronavirus outbreak. As worries spread over the impact of COVID-19 on stock markets, banks and businesses, Revolut has reassured customers that rumours of its demise a

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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. This provide

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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. However, the accountancy firm has warned that a protracted outbreak could result in a more severe impact than the downturn experienced in

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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. The chancellor said that the government will pay 80% of salary for staff who are kept on by their employer, covering wages of up to &pou

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The Bank of England has announced a second cut to interest rates amid a series of measures in response to the coronavirus pandemic. The Bank's Monetary Policy Committee (MPC) has voted to bring the interest rate to 0.1%, down from 0.25%, the lowest rate in its history and the second cut in just over

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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. Bristol-based Shaw & Co said the scheme is a step in the right direction but will protect only a fractio

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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. The group comprises specialists who are leaders in

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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. Graham Millar, employment law partner at Gilson Gray, said while it is important to follow Gov

676-690 of 697 Articles
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