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30 Aug 2023

Allwyn, incoming operator of The National Lottery, has urged independent National Lottery retailers to log on to its new online retailer portal via 

30 Aug 2023

Shop owners have expressed scepticism that the Home Secretary's recent call for every theft to be investigated by the police will come to fruition, suggesting that police resources are already...

29 Aug 2023

Consumer confidence is showing “renewed optimism” against a backdrop of falling core inflation, new figures suggest.
 

29 Aug 2023

Shop owners in a part of Coventry have rallied together to launch a street market, with hopes of boosting the number of people that visit the area.

25 Aug 2023

ACT Gold Member Reilly Cycleworks pushes expansion of UK dealer network with the appointment of ex-pro and world champion downhil MTBer Petra Wiltshire as field sales rep

24 Aug 2023

Cytech training provider Spokes People were recently asked by the Afghan National Team if they could suggest any way for them to be supported mechanically at the UCI World Championships in...

16 Aug 2023

Independent quality drinks retailers were woefully underrepresented among those consulted by government over the duty changes now hitting businesses, it has been claimed, after industry magazine...

16 Aug 2023

Online bookshop Bookshop.org has reached its target of raising £3 million in profit for independent booksellers in its fight for them to “thrive in the world of ecommerce”.

15 Aug 2023

A start-up craft baker from south-east London who sells his produce at local food markets has taken home five Great Taste Awards after only 16 months in business.

9 Aug 2023

VOLT e-bikes has announced the launch of a unique Cancel Anytime Subscription model in
conjunction with e-bike rental provider Blike.

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Rishi Sunak rejects calls by businesses for furlough extension despite extended restrictions

Posted on in Business News , Cycles News , Political News

Rsocial distancingishi Sunak has rejected business demands for an extension of the furlough scheme and business rates relief, despite a four-week delay in the easing of Covid-19 restrictions now set for 19 July.

The fourth and final stage of taking England out of lockdown was originally set for June 21, but the rapid spread in cases of the Delta variant has led to a 50 per cent rise in hospitalisations across England week-on-week.

The lockdown extension is set to be reviewed in two weeks and the PM remains "confident" that the delay would not need to be longer than four weeks.

Chancellor Rishi Sunak has rejected the call to extend furlough and business rates relief, both of which are set to begin to wind down from the start of next month.

The furlough scheme will wind down from paying 80 per cent of people's wages to 70 per cent from July 1, with support set to be withdrawn altogether by September.

Business rate relief is set to fall from 100 per cent to 66 per cent from July 1, although it will remain in place until March next year.

 

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