Archives for Midlands Business News

Contactless card limit to rise to £45 from £30 next week after limits on cash shopping to help stop coronavirus

THE limit for in-store contactless payments is rising to £45, from £30, next week. This is to try and help people to limit physical contact to fight … Contactless card limit to rise to £45 from £30 next week after limits on cash shopping to help stop coronavirus
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More details on the Coronavirus Business Interruption Loan Scheme (CBILS)…

Further details have emerged for the Coronavirus Business Interruption Loan Scheme (CBILS) which is designed to assist qualifying businesses during these unprecedented times. The Scheme aims to support long-term viable businesses who may need to respond to cash-flow pressures by seeking additional finance.  The loan will be provided by the British Business Bank through participating providers during the Covid-19 outbreak. Full details of the CBILS scheme can be found here – but the main criteria are: Loan facilities of up to £5m 80% of the lenders risk is covered Repayment terms up to 6 years for term loans and asset finance, but
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Latest BBC News update…

UK cracks down hard     First it was advice, now it’s an order. Boris Johnson has issued a stark message to the country: “At this moment of national emergency… stay at home.” Speaking after the UK death toll reached 335, the prime minister introduced unprecedented restrictions on everyday life, meaning people must only leave their house for one of four reasons – to exercise once a day, to travel to and from work where “absolutely necessary”, to shop for essential items, and to fulfil any medical or care needs.    Shops selling non-essential goods have been told to shut, along with
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Latest update on Coronavirus from The PM as UK goes in to lockdown!

Prime Minister Boris Johnson has announced that the UK is going into lockdown in a televised address to the nation last evening. The PM made the announcement from 10 Downing Street amid widespread calls for tougher measures to slow the spread of Covid-19 / Coronavirus. He ordered the immediate closure of all shops selling non-essentials items on Monday evening. He told people to only leave the house to shop for basic necessities “as infrequently as possible” and to perform one form of exercise a day. “If you don’t follow the rules the police will have the powers to enforce them, including through
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Primark to close all 189 UK Stores including all stores in Wales – WelshBiz

Retail Giant Primark is to close all 189 of their UK stores in response to coronavirus. The major high street retailer will close all its shops due to the Covid-19 outbreak in a move affecting some 37,000 people. The Primark store on Cardiff’s Queens Street, as well as all 189 UK stores will close with immediate effect due to the coronavirus. The announcement by Primark, which has branches across Wales, will affect 37,000 people. A Primark spokesman said; “Our main priority is the health and wellbeing of our employees,” “Primark has committed to supporting all employees who are directly affected
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15 Top Business Optimisation Tips…

Your business culture or philosophy is the ultimate key to your productivity and success. It will either enable or disable everything else that you do. Developing the right business culture is key to your success as everything you do hinges around this fundamental aspect of your business. If a businesses culture or the culture of the leaders or staff is wrong, the impact of even the best business growth and business optimisation techniques would be severely limited. Too many organisations only pay lipservice to these factors and as a result they constantly struggle to make real progress. Please find these
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UK Government Advice for Employees

Guidance COVID-19: guidance for employees  Updated 20 March 2020 Contents Staying at home Sick pay Furloughed workers Claiming benefits Staying at home If you have symptoms of coronavirus infection (COVID-19), however mild, stay at home and do not leave your house for 7 days from when your symptoms started. If you live with others and you are the first in the household to have symptoms of coronavirus, then you must stay at home for 7 days, but all other household members who remain well must stay at home and not leave the house for 14 days. The 14-day period starts
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UK Government Coronavirus Advice For UK Businesses…

Guidance COVID-19: support for businesses Updated 20 March 2020 Contents Support for businesses through the Coronavirus Job Retention Scheme Support for businesses through deferring VAT and Income Tax payments Support for businesses who are paying sick pay to employees Support for businesses that pay business rates Support for businesses that pay little or no business rates Support for businesses through the Coronavirus Business Interruption Loan Scheme Support for larger firms through the COVID-19 Corporate Financing Facility Support for businesses paying tax: Time to Pay service Insurance The Chancellor has set out a package of temporary, timely and targeted measures to
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Latest Credit Industry News from the CCR Magazine…

CCRMagazine…Collections and Risk… Read the magazine, free of charge, online atwww.ccrmagazine.com/ccr-magazine/or download a PDF copy of the magazine here. • Stressing the right pointsDo we need to see stress management as a compliance issue? •  Top three most effective negotiation tacticsThe Financial Conduct Authority has told credit-card firms to review their approach to struggling customers… • Manufacturing exports fall despite consumer goodsIn changing political times, UK exports are facing mixed outcomes… Stressing the right pointsDo we need to see stress management as a compliance issue? For more Credit Industry News, Business News, UK Business News or Global Business News, please follow the
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Business Confidence in Scotland on the up…

Business confidence in Scotland bounced back this month, according to a survey. Bank of Scotland’s February business barometer rose by 19 points to a net balance of 15%, with firms reporting more confidence in their prospects as well as higher economic optimism. This was reflected in businesses’ hiring intentions, with a net 5% of firms expecting to hire more staff during the next year. Across the UK, overall confidence was unchanged on 23%. Businesses in London had the highest confidence at 29%, ahead of the West Midlands at 28%, and the East Midlands at 27%. Those in Wales were the
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