Oct 27, 2020 | Current Affairs
The National Audit Office (NAO) claims the speed at which the furlough scheme was rolled out leaves it open to considerable levels of fraud and error.It said there is considerable risk that some employers committed furlough fraud, either by keeping employees working...
Oct 26, 2020 | Current Affairs
Businesses are calling for more Government support to stop increasing costs and further alleviate the business rates burden, according to the Federation of Small Businesses (FSB). The FSB proposed lowering the costs of employer National Insurance contributions to help...
Oct 23, 2020 | Current AffairsGovernment Announcements
Chancellor Rishi Sunak has increased support for employers and workers hit by COVID-19 restrictions, including big changes to the job support scheme.The job support scheme kicks in on 1 November 2020, after the existing furlough scheme winds down on 31 October...
Oct 22, 2020 | Current Affairs
Retirees will see their state pensions increase by 2.5% next year under the triple-lock scheme.Under the current rules, the new state pension rises by whichever is the highest of earnings growth, price inflation, or 2.5%. The price inflation figure used is the...
Oct 21, 2020 | Current Affairs
The UK’s national debt hit a record £2.1 trillion at the end of September, an increase of £259.6 billion in the six-month period, as a result of the COVID-19 pandemic.According to the Office for National Statistics (ONS), during this period, borrowing equated to...
