Tag Archives: BBLS

Coronavirus business loan exceeds £71 billion

Coronavirus business loan exceeds £71 billion loans bag beside the exceeding

UK businesses have now borrowed over £71 billion through the government’s coronavirus business loan schemes, according to figures from HM Treasury. The affected business sectors and areas of the country have altogether accessed to the loans of over 1.5 million. The British Business Bank has also published the regional distribution of loans under the Coronavirus […]

Furlough scheme extended until end of April 2021

Furlough scheme extended until end of April 2021

UK Chancellor has extended the furlough Scheme (Coronavirus Job Retention Scheme) until the end of April 2021. The government will continue to contribute 80% towards wages of employees’ salaries for hours not worked until the end of April. Employers will only be required to pay wages, national insurance contributions (NICs) and pensions for hours worked, […]