Search News

Results: 1-10 of 2502


Start again

2 Apr 2020

The National Living Wage and National Minimum Wage rates increased yesterday, following recommendations made to the Government by the Low Pay Commission

1 Apr 2020

If you are an NHS or Key Worker get in touch with Freewheel for a free care package worth £100!

1 Apr 2020

Decarbonising transport: setting the challenge states the current challenges and steps to be taken when developing the transport decarbonisation plan.

31 Mar 2020 | 2 comments

As Local Bike Shop Day is a day encompassing the whole trade, the final judgement was given to the bike shops that had signup to take part. Out of all the respondents the overwhelming majority -...

31 Mar 2020

The Treasury Select Committee led by Mel Stride MP, has challenged the Association of British Insurers (ABI) regarding the support offered to business via their members, with specific regard to...

30 Mar 2020

According to the Northern Ireland Executive Office, bicycle shops are included on the list of essential shops that "can continue to operate but are under a legal duty to adopt social distancing...

27 Mar 2020

ActSmart partner NearSt introduce the option to add WhatsApp chat functionality on your NearSt shop page!

27 Mar 2020

eBay has today pledged to support small business owners by offering a 30day payment holiday for existing sellers and is waiving fees for all new businesses registering to list or sell until...

27 Mar 2020

UK VAT registered business with VAT payments due between 20 March 2020 and 30 June 2020 have the option to defer the payment until a later date or pay the VAT due as normal

27 Mar 2020

Check if you could be covered by the Coronavirus Job Retention Scheme

Back to news menu

The latest update from ActSmart's Business Insurance partner

Posted on

In light of the current difficulties and the drive for employees to work from home, Butterworth Spengler have compiled the following general information to be considered:

COVID-19 - Considerations for working from home

Butterworth Spengler have also sent an update in regard to their Business Interruption Insurance policies:

Business Interruption Insurance and COVID-1

 


Other COVID-19 updates

ActSmart are providing regular email updates on the latest information and advice tailored for retail businesses.

To read the full list of updates visit the ActSmart website here.
 


Press conference highlights


Highlights from Friday's press conference with the Prime Minister and Chancellor Rishi Sunak are included below. Further details of the measures below are due to be published by the Government shortly.

The PM announced that he is telling cafes, pubs, bars and restaurants to close tonight as soon as they reasonably can and not to open from Saturday 21st March. They can however continue to provide takeaway services to customers. Nightclubs, gyms, cinemas and leisure centres are also advised to close.

Chancellor Rishi Sunak announced a package of measures aimed at helping workers, including:

  • Coronavirus job retention scheme: The government is going to help to pay people's wages through a Coronavirus job retention scheme. Any employer will be eligible for the scheme, and will be able to apply for a grant to cover 80% of the salary of retained workers up to £2,500 per month. Workers in any part of the UK can retain their job even if their employer cannot afford to pay them. The scheme will be open for an initial three month period, with no limit to the amount of funding available for the scheme.
  • Extension of the interest free period on loans: The Coronavirus business loan interruption scheme will be interest free for 12 months (previously 6 months). Those loans will be available from Monday.
  • Deferring the next quarter of VAT payments for businesses: No business will pay VAT from now until the end of June. Businesses will have until the end of the year to pay those bills.
  • Strengthening the safety net: Universal credit allowance will be increased by £1000 over the next 12 months. Working tax credit will also be increased by £1000 over the same period.
  • Supporting the self-employed: The Government is suspending the minimum income floor for anyone affected by coronavirus. The next self-assessment payments will also be deferred to January 2021.
  • Raising awareness: There will be a national advertising campaign launching in the coming days to highlight support for businesses.
  • Rental support: £1bn support for renters, local housing allowance will now cover 30% of renting costs

Back to news menu

Add a comment

It is quicker to comment when you login

Your email address will only be used to contact you regarding this comment. We will not share your email address with anyone and it will not be published on the website.