Current Affairs

COVID-19 business lending passes £71bn

Around 1.4m firms have accessed BBLs since May 2020.

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1.8 million taxpayers still to file self-assessment returns

Over 10.7 million people submitted their 2019/20 return by the deadline.

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CBI calls for post-lockdown roadmap

The business group identified six elements to help firms prepare.

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Extend furlough scheme to summer, warns BCC

Around four million UK workers were furloughed at the end of December.

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Over 900,000 UK firms ‘at risk of failing by April’

Around 15% of businesses are at “great risk” of imminent closure

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IFS: UK tax system ‘discourages employment’

Employees’ salaries currently attract more in tax than self-employed individuals.

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Firms call for urgent action to reduce unemployment

Unemployment increased to 5% in the three months to November 2020.

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Nine million people increased borrowing in 2020

The proportion of borrowing £1,000 or more increased to 45%.

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