Spotlight - Government Announcements

Big businesses to reduce payment times to small suppliers

50,000 small firms close every year due to late payments.

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Chancellor unveils £4.6bn support package

Firms will be able to receive up to £9,000.

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Business groups respond to Brexit deal

The deal was announced on Christmas Eve.

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Sunak extends furlough scheme

The scheme will be extended until the end of April.

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Government urged to issue more support for small firms

Every area in England falls into one of three alert levels.

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UK economy to contract by 11.3% in 2020

The OBR predicts the economy will grow by 5.5% in 2021.

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UK borrowing hits £22.3bn in October

Borrowing hit its highest levels in October since records began in 1993.

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HMRC warns self-assessment customers about scammers

500,000 referrals from the public offered fraudulent tax rebates.

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MTD for corporation tax to be implemented from 2026

HMRC revealed potential designs of its MTD for the corporation tax system.

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Government extends furlough scheme to end of March

Employees to receive 80% of salary for hours not worked.

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