UK Economy

a featured blog image that features the topic How Businesses Can Protect Themselves From A Second COVID 19 Wave_

How Businesses Can Protect Themselves From A Second COVID 19 Wave?

“It gets worse before it gets better.” The economic recession caused by the infamous Coronavirus has crippled UK businesses big and small. No matter the size of the establishment, be it sole propriety or corporation, every business has faced its own set of challenges – and unfortunately, some of them did not come out as victors. This …

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a featured blog image for a topic All the Things You Need to Know About Registering Your Own Solo Business with the HMRC

All the Things You Need to Know About Registering Your Own Solo Business with the HMRC

In the United Kingdom, the most common way of starting a business is registering as a sole trader. Simply put, sole trader businesses are very small businesses with low turnover, low risk, and with a single owner. If you are also just starting to work for yourself, you’re classed as a sole trader. This means …

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5 Things You Need to Know About the Furlough Scheme

5 Things You Need to Know About the Furlough Scheme

As part of the United Kingdom’s response to the unprecedented COVID-19 pandemic, the government has introduced the Coronavirus Job Retention Scheme or the Furlough Scheme. In this initiative, employers will be given government support to continue paying part of the furloughed employees’ salaries until October 31. What Is Furlough? But first, what does the word “furlough” mean? Generally, “furlough” …

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How To Close Down Your Business Responsibly

The COVID crisis has been one of the most damaging world events in recent history. The United Kingdom is still battling its apparent hold on our population. This has also led to many other issues. The world market is crashing, and many local businesses are suffering because of it. Here’s an ideal insight on how to close …

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a featured image of a blog post that highlights the topic Kickstarter Scheme – Government to Encourage Employing of 16-24-year old on Universal Credit

Kickstarter Scheme – Government to Encourage Employing of 16-24-year old on Universal Credit

The new Kickstarter scheme unveiled by Chancellor Rishi Sunak during the summer statement aims to help the employment of workers under 16-24 years old by funding employers with a £2 billion budget. The Kickstarter scheme – the program benefits young workers who are currently under the Universal Credit program, which is a government-funded initiative that helps low-income …

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a featured image of a blog post that highlights the topic Job Retention Bonus – £1k to those who Retain Furloughed Employees until January 2021

Job Retention Bonus – £1k to those who Retain Furloughed Employees until January 2021

As the Coronavirus Job Retention Scheme (CJRS) winds down, Chancellor Rishi Sunak introduced a job retention bonus payment of £1,000 to employers for every furloughed personnel they bring back to work.   The incentive is part of a comprehensive scheme called “A Plan for Jobs 2020”. It is built to protect livelihoods and save the declining economy, which …

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a featured image of a blog post that highlights the topic Government Provides Employers £1000 to Take on Trainees

Government Provides Employers £1000 to Take on Trainees

Chancellor Rishi Sunak announced in his summer statement that the government would be providing £1000 for every trainee that employers will accept. With the UK economy hard hit by the COVID-19 pandemic, the government is taking measures to rebuild and ensure that jobs are protected. They also put projects in place to remedy the unemployment rate, one …

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a featured image of a blog post that highlights the topic £2bn Green Home Grant for Homeowners

£2bn Green Home Grant for Homeowners

Households are set to receive grants of up to £10,000 to make their homes eco-friendly and save over £600 a year on energy bills while cutting carbon emissions at the same time which is also called the green home grant. But how does the scheme work? And more importantly, how does it impact contractors and tradespeople? As …

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How to Raise Your Prices the Right Way

Maybe you’re finding yourself swamped with new clients, and you cannot refuse new ones who want to get on board. This issue is a beautiful problem to have as an entrepreneur. One of the ways to address this is by increasing your price. Your new price would act as a filter that would sift through …

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a featured image of a blog post that highlights the topic £2k To Encourage the Hiring of Apprentices

£2k To Encourage the Hiring of Apprentices

With the rampant rise of the unemployment rate, the Chancellor announced from the summer statement, a brand-new incentive for businesses—a bonus payment of £2,000 for every apprentice they take on or hiring an apprentice. But, how will this affect both sides of the coin? In his last economic statement, Chancellor Rishi Sunak offered companies a package deal …

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