SMEs cite labour costs as barrier to growth

Business group calls for new measures.

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Treasury may consider temporary cut to VAT

Pressure on the Chancellor to follow Germany’s lead.

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UK economy fell by a fifth in April

Unparalleled figures recorded as a result of lockdown.

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Tax and NICs warning for SEISS recipients

“HMRC needs to publicise grants are taxable”.

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More than 1 in 4 employees on furlough

Job retention scheme costs soar to £19.6bn.

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Employers in furlough scheme cut-off warning

Tax group warns employers of cliff-edge.

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Business support loans pass £31bn

Lending rose £3.8bn in the last week of May.

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HMRC launches coronavirus grants crackdown

Grants may be recovered and penalties issued.

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Calls grow to extend support for the self-employed

Bodies issue collective plea as SEISS nears the end.

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Furlough scheme covers 8.4m workers

A million employers claim £15bn in subsidies.

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