Business News Teesside : HMB Accountants

09 Apr 2020

Data reveals global debt reached 322% of GDP in 2019

Data published by the Institute of International Finance (IIF) has revealed that global debt reached 322% of Gross Domestic Product (GDP) last year.

09 Apr 2020

Chancellor announces financial aid package for charities

On 8 April, Chancellor Rishi Sunak announced a £750 million package to help charities struggling during the coronavirus (COVID-19) pandemic.

08 Apr 2020

Don't rush financial decisions, urge regulators

Savers and investors must stay calm and refuse to be rushed into financial decisions during the coronavirus (COVID-19) pandemic, according to regulators.

08 Apr 2020

Firms struggling to access emergency coronavirus loans

UK businesses are struggling to access emergency loans provided by the government's coronavirus (COVID-19) business interruption loan schemes, according to a survey conducted by the British Chambers of Commerce (BCC).

07 Apr 2020

UK economic output reduces to 31% as result of coronavirus lockdown

Research published by the Centre for Economics and Business Research (CEBR) has revealed that UK economic output has reduced to 31% as a result of the coronavirus (COVID-19) lockdown.

07 Apr 2020

Start of new tax year ushers in raft of fiscal changes

The 6 April start of the new tax year saw important fiscal changes come into effect, including the changes to the deadline for sellers of residential property who are liable for capital gains tax (CGT).

06 Apr 2020

Business groups respond to Chancellor's overhaul of business loan measures

Business groups, including the Confederation of British Industry (CBI), the Federation of Small Businesses (FSB) and the British Chambers of Commerce (BCC) have responded to Chancellor Rishi Sunak's overhaul of coronavirus (COVID-19) business loan measures.

06 Apr 2020

Chancellor announces changes to Business Interruption Loan Scheme

On 3 April, Chancellor Rishi Sunak announced changes to the COVID-19 Business Interruption Loan Scheme following criticism that businesses have struggled to access loans.

03 Apr 2020

Majority of UK firms have less than three months' cash reserves

A significant number of UK firms face the prospect of running out of cash within three months, according to a survey carried out by the British Chambers of Commerce (BCC).

03 Apr 2020

Major UK banks will pay no dividends or bonuses this year

The seven largest banks in the UK have agreed to the proposal put forward by the Prudential Regulation Authority (PRA) that they suspend dividends and bonuses until the end of 2020.

02 Apr 2020

Government publishes details on coronavirus grant schemes for small businesses

The government has published details on the COVID-19 support schemes for small businesses and retailers.

02 Apr 2020

CBI finds retail sales propped up by stockpiling in March

The Confederation of British Industry (CBI) has revealed that retail sales during March were propped up by households stockpiling goods.

01 Apr 2020

Directors on PAYE can furlough under job retention scheme

Company directors who receive salaries through Pay as You Earn (PAYE) are eligible for furlough under the government's Coronavirus Job Retention Scheme.