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Chancellor announces financial aid package for charities

Chancellor announces financial aid package for charities

On 8 April, Chancellor Rishi Sunak announced a £750 million financial aid package to help charities struggling during the coronavirus (COVID-19) pandemic. Experts have warned that charities are struggling as a result of donations drying up and shrinking income due to enforced shop closures during the coronavirus lockdown. The...

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

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Global debt reached 322% of GDP in 2019 data reveals

Global debt reached 322% of GDP in 2019 data reveals

Data published by the Institute of International Finance (IIF) has revealed that global debt reached 322% of Gross Domestic Product (GDP) last year. The world’s debt is now 40 percentage points higher than at the onset of the 2008 financial crisis, the data revealed. The IIF warned that a...

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

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Firms struggling to access emergency coronavirus loans

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). The BCC’s weekly tracker poll, which shows the pandemic’s impact on businesses, surveyed over 1,000 firms. Just 1% of...

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...

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Don’t rush financial decisions, urge regulators

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. The Financial Conduct Authority (FCA) and the Pensions Regulator (TPR), with the support of the Money and Pensions Service (MaPS), are highlighting the danger of scams during...

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

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

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. The CEBR warned that the lockdown has ‘extremely severe economic consequences’ for the UK. According to the research, the manufacturing...

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

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Start of new tax year ushers in raft of fiscal changes

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). Other fiscal changes for the 2020/21 tax year include greener benefit rates for employer-provided...

The 6 April start of the new tax year saw important fiscal changes come into effect, including the changes to the deadline for sellers...

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