Government news and archive

UK government expands Covid-19 support package

UK chancellor Rishi Sunak has announced additional financial support for jobs and businesses as the country grapples with a growing number of Covid-19 cases and new lockdown restrictions. As part of the new measures, the Job Support Scheme, which will come into effect on 1 November and looks to replace the furlough scheme, has been made “more...

Business

BRC 'deeply concerned' by Boris Johnson's no-deal Brexit comments

The British Retail Consortium (BRC) has said it is “deeply concerned” about a statement made by prime minister Boris Johnson that the country should prepare for a no-deal Brexit in January. Johnson said Friday that unless the EU demonstrates a “fundamental change of approach”, UK businesses and consumers should plan for a no-deal Brexit -...

Business

Pre-pack administration deals to face mandatory independent scrutiny

The UK government has announced new laws requiring mandatory independent scrutiny of pre-pack administration deals. Pre-pack sales are a type of rescue deal that involves arrangements to sell part or the whole of a struggling company’s business or assets prior to it entering into administration. The sales are typically secured on or shortly...

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Retail

Businesses to get 1,000 pounds per furloughed employee returning to work

UK employers will receive a one-off bonus of 1,000 pounds for each furloughed employee that returns to work, the government has announced. It's part of a wider 30 billion pound package unveiled Wednesday by chancellor Rishi Sunak to support jobs and boost the economy after months of lockdown. The Jobs Retention Bonus can be accessed by employers...