Coronavirus loans’ bill passes £22bn

£14bn paid out in first two weeks of bounce-back loans.

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HMRC fields two million SEISS applications

More than £6bn paid out in the first six days.

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Off-payroll extension may be delayed until 2023

MPs contemplate further two-year delay.

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COVID-19 puts economy into ‘significant recession’

GDP slumps 5.8% in March, and 2% in Q1 2020.

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Govt. clarifies guidance on returning to work

New guides for eight different lines of work.

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Businesses want clarity before returning to work

Plans to ease restrictions “need more detail”.

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UK economy ‘could shrink by 14%’ in 2020

Bank of England predicts biggest annual decline on record.

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More firms access business interruption loans

25,652 applications were successful up to 28 April.

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Lenders grant 1.6m mortgage payment holidays

Average homeowner frees up £755 a month.

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Shops get rent break during crisis

High street firms asked to pay what they can.

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