Business News
Furlough scheme covers 8.4m workers
A million employers claim £15bn in subsidies.Coronavirus loans’ bill passes £22bn
£14bn paid out in first two weeks of bounce-back loans.HMRC fields two million SEISS applications
More than £6bn paid out in the first six days.Off-payroll extension may be delayed until 2023
MPs contemplate further two-year delay.COVID-19 puts economy into ‘significant recession’
GDP slumps 5.8% in March, and 2% in Q1 2020.Govt. clarifies guidance on returning to work
New guides for eight different lines of work.Businesses want clarity before returning to work
Plans to ease restrictions “need more detail”.UK economy ‘could shrink by 14%’ in 2020
Bank of England predicts biggest annual decline on record.More firms access business interruption loans
25,652 applications were successful up to 28 April.Lenders grant 1.6m mortgage payment holidays
Average homeowner frees up £755 a month.
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