Insurance
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Aug- 2020 -27 AugustCoronavirus
Majority of retail office workers feel unsafe returning to work after Covid-19
Only 28% of office workers in the retail, catering and leisure sector feel safe returning to work after the pandemic, despite new health and safety measures that have been put in place. This is according to new research from insurance provider Protectivity, which asked office workers around the UK how…
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17 AugustRetailers
F.Hinds to open Luton store
F.Hinds has announced the opening of its 115th store in Luton, which is set to open its doors on 22 August. According to the family-run jewellers, the new site, located in The Mall shopping centre, is set to create seven new jobs through its opening. The store will feature “sleek,…
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Jul- 2020 -27 JulyCurrent Affairs
Price of gold reaches ‘record’ high
The price of gold reached a “record high” of $1,943 (£1,513) per ounce this morning (27 July), amid increasing tensions in the US and China trade row. The price rise of 2.2% saw gold overtake its previous record that was recorded in the wake of Black Monday in September 2011.…
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9 JulyRetailers
Bira ‘disappointed’ mini-budget does ‘not help indie retailers’
The British Independent Retailers Association (Bira) has expressed its “disappointment” that Chancellor Rishi Sunak’s mini-budget does not “directly help retail business owners”. Sunak announced a raft of further measures to support the recovery of the economy following the coronavirus lockdown, in Parliament yesterday (8 July). Features of the budget included…
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Jun- 2020 -30 JuneCurrent Affairs
Government confirms changes to ‘flexible’ furlough scheme
The UK government has confirmed the latest set of changes to its “flexible” furlough scheme – dubbed CJRS V2 – ahead of its launch of the 1 July. HM Revenue and Customs has set out the new guidance as the current version of the Coronavirus Job retention Scheme (CJRS) ends…
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May- 2020 -5 MayCoronavirus
Furlough errors could cost small firms
SMEs are making errors on their applications for the Government’s furlough scheme, meaning they will have to repay thousands of pounds back to HMRC later, accountancy firm UHY Hacker Young has said. The firm explained it has seen many small business applications for the furlough grant that includes the cost…
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Apr- 2020 -24 AprilBusiness Bites
Retail landlords reined in, France gets touch on tax havens, and insurers face biggest ever payouts
The government has banned landlords from using winding-up orders against their retail tenants, after aggressive rent collection tactics which threaten the future of retail businesses came to light. Tens of thousands of businesses in both retail and hospitality have found themselves unable to keep up with their rent during the…
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17 AprilNews
Former NAJ CEO Michael Hoare passes away
The National Association of Jewellers (NAJ) has announced that the former chief executive of the association, Michael Hoare, has died. President of the NAJ, David Doyle, delivered the news “with a heavy heart” and said that Hoare was known to many from serving in the NAJ (formerly the National Association…
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Mar- 2020 -27 MarchAdvice
What we know about furlough leave and the CJRS
HMRC published details of the Coronavirus Job Retention Scheme (CJRS) on 26.3.20 which are available here: https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme Key points include: Employees that employers can claim CJRS for For the purposes of CJRS, the definition of employee would include workers and agency workers provided they are subject to PAYE i.e. this…
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26 MarchCoronavirus
Self-employed to get 80% income grant
Chancellor Rishi Sunak has announced the government will pay self-employed people a taxable grant based on their previous earnings over the last three years, worth up to 80% of earnings, and capped at £2,500 a month. Sunak said it will run for a minimum of three months, with scope for…
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