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Government extends eviction ban in England and Wales

Government extends eviction ban in England and Wales

The ban on evictions in England and Wales, originally introduced in March, will now be extended for a further two months. The Government’s latest extension to the eviction moratorium means that landlords will be unable to commence a claim in the Courts for possession before 23 August 2020. The move, intended to protect tenants facing…

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June 15, 2020
Posted in covid-19, Property

Government backs business-to-business transactions with £10 billion trade credit reinsurance scheme

Government backs business-to-business transactions with £10 billion trade credit reinsurance scheme

The Government has committed over £10 billion to guarantee the trade credit insurance sector, giving thousands of British businesses the confidence to continue to trade in the UK and overseas.

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June 4, 2020
Posted in Blog, Commercial

Self-Employment Income Support Scheme (SEISS) extended

Self-Employment Income Support Scheme (SEISS) extended

The Chancellor has confirmed the extension of the Self-Employment Income Support Scheme (SEISS), with the announcement of a second and final grant to support the income of self-employed individuals during the Coronavirus outbreak. The first and current round of grants under the scheme allows self-employed individuals to claim a taxable grant worth 80 per cent…

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June 1, 2020
Posted in Blog, Commercial, covid-19

Chancellor unveils changes to furlough scheme

Chancellor unveils changes to furlough scheme

The Chancellor, Rishi Sunak, has announced a series of changes to the Coronavirus Job Retention Scheme (CJRS) from July that will see furloughed employees able to return to work part-time, but with the value of Government support reducing gradually from August. Meanwhile, the scheme will, in effect, close to employees who have not previously been…

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June 1, 2020
Posted in Blog, covid-19, Employment

Coronavirus loan schemes deliver £27 billion to businesses, figures reveal

Coronavirus loan schemes deliver £27 billion to businesses, figures reveal

The Government has now delivered more than £27 billion in corporate finance through its landmark Covid-19 loan schemes, it has been revealed.

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May 29, 2020
Posted in Blog, Commercial, covid-19

What happens if my employees have to self-isolate following contact tracing?

What happens if my employees have to self-isolate following contact tracing?

Following the launch of the Government’s contact tracing system, employers should be prepared for the possibility of multiple employees being required to self-isolate if one employee from the workplace tests positive for Coronavirus. This means it is vital that employers are aware of the arrangements concerning Statutory Sick Pay (SSP) and self-isolation. Changes to the…

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May 28, 2020
Posted in Blog, covid-19, Employment

New codeword campaign to help victims of domestic abuse seek immediate support

New codeword campaign to help victims of domestic abuse seek immediate support

A new codeword scheme will help protect families at risk of domestic abuse throughout the coronavirus lockdown and beyond, it has been announced.

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May 28, 2020
Posted in Blog, Family Law

Coronavirus Job Retention Scheme – what happens next?

Coronavirus Job Retention Scheme – what happens next?

The Government’s Coronavirus Job Retention Scheme (CJRS), also known as the furlough scheme, was recently extended until October, with no changes until August. But what happens next with the scheme?

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May 27, 2020
Posted in Blog, Employment

Money laundering supervision payment deferrals and deregistration announced by HM Revenue & Customs

Money laundering supervision payment deferrals and deregistration announced by HM Revenue & Customs

Businesses that require money laundering supervision from HM Revenue & Customs (HMRC) can receive a six-month payment deferral or deregistration where an annual fee is due between 1 May and 30 September 2020, it has been announced. HMRC is the money laundering supervisory authority for: money service businesses not supervised by the Financial Conduct Authority…

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May 21, 2020
Posted in Commercial, covid-19

Maximum Government-backed loan amount for larger businesses increased to £200 million

Maximum Government-backed loan amount for larger businesses increased to £200 million

The Government has announced an increase in the maximum amount that larger businesses can borrow under the Coronavirus Large Business Interruption Loan Scheme (CLBILS) from £50 million to £200 million. CLBILS loans are offered on normal commercial terms, but are backed by a Government guarantee worth 80 per cent of the amount borrowed. They can…

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May 21, 2020
Posted in Blog, Commercial, covid-19