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New rules introduced to help businesses tackle fraud

Posted. 22 September 2020

Business directors will be forced to verify their identities with Companies House under new proposals from the Government, in a bid to improve corporate transparency.

Changes outlined by the Government will seek to address “many weaknesses” which currently leave the UK’s company registration system vulnerable to abuse for financial crime.

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950,000 workers used flexible furlough in July

Posted. 21 September 2020

Nearly a million workers returned to their jobs part-time in the first month that flexible furlough was introduced, official figures show.

The Treasury revealed 950,000 workers – 20% of those furloughed across the UK – went back to their places of employment to work on a part-time basis when flexible furlough was introduced on 1 July, with the Government paying 80% of their wages for...

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Government extends ban on business evictions

Posted. 18 September 2020

The Government has announced it is extending a ban on business evictions to the end of this year.

Measures were introduced at the start of the COVID-19 pandemic to protect struggling businesses from being evicted from premises but were due to expire by the end of September.

Communities secretary Robert Jenrick confirmed that the eviction ban will now continue till the end of 2020...

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‘Eat out to help out’ pushes inflation to five-year low

Posted. 17 September 2020

The eat out to help out scheme launched by the Government amid the coronavirus crisis has pushed the UK inflation rate to a five-year low in August as restaurant prices decrease.

According to the Office for National Statistics (ONS), consumer prices (CPI) in August fell to 0.2%, compared with 1% in July.

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FCA confirms support on mortgage deferrals

Posted. 16 September 2020

The Financial Conduct Authority (FCA) has confirmed support for mortgage borrowers who continue to face payment difficulties amid the COVID-19 pandemic.

Earlier this week (14 September 2020), the FCA published additional guidance for firms to ensure support for customers who have taken payment deferrals and still face financial difficulties, as well as customers who may be newly...

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