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Four-fold increase in business lending as companies tried to survive 2020

More than £68 billion has been borrowed by businesses in loans that are partly or fully guaranteed by the Treasury.

Support for SME UK exporters announced

This week the Government announced a new scheme providing export finance support for SMEs.

Companies return more than half a billion furlough cash to HMRC

HMRC currently has nearly 6,000 investigations into companies over the scheme.

Bank pumps another £150bn into economy as rates held at 0.1%

The Bank of England's Monetary Policy Committee (MPC) voted unanimously to expand its quantitative easing programme by £150 billion.

Support for self-employed extended as England prepares for lockdown 2.0

Support available for self-employed people whose earnings have been hit by coronavirus will increase as a result of England’s second lockdown.

Furlough scheme extend to December as England heads into second lockdown

The Government will extend furlough payments at 80% for the duration of the new national lockdown measures in England, Boris Johnson has said.

Medical drone delivery service receives UK Space Agency backing

Using the drones to help in the Covid-19 response will avoid courier call-out waiting times, free up NHS staff and cut unnecessary physical contact.

Four things to consider before extending your accounts filing deadline

In June of this year, new measures were introduced through the Corporate Insolvency and Governance Act to relieve the burden on businesses during Coronavirus by allowing them longer to file accounts.

How the Winter Economy Plan is helping SMEs

Though another full lockdown has not been announced, further measures to stem the spread of Coronavirus were revealed last week. With the economy struggling to recover from lockdown and these new restrictions spelling even further challenges for already vulnerable sectors, Chancellor Rishi Sunak outlined a package of measures to help businesses through the next few months of the pandemic and the winter trading period. Let’s take a look at some of those announcements and what they could mean for small to medium enterprises in the UK.

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