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Latest Economy Indicators and News

According to the latest ONS figures, retailers have had their worst annual sales performance on record in 2020. This has been driven by decreased demand for fashion and homeware products, figures from the British Retail Consortium (BRC) have shown. The latest economic news and indicators for the UK make for gloomy reading: and as we’re…Read More

The Brexit Trade Agreement: Our Summary

We wish you a happy new year – let’s hope 2021 is more stable from a business perspective and that by the end of the year we can return to some kind of “normality”. The transition period for the UK leaving the EU has ended. The EU and UK have struck a trade deal, and…Read More

New Lockdown Grants Announced

Businesses in the retail, hospitality and leisure sectors are to receive a one-off grant worth up to £9,000, the Chancellor announced on 5th January. The Chancellor announced one-off top up grants for retail, hospitality and leisure businesses worth up to £9,000 per property to help businesses through to the Spring.  In addition there is also…Read More

2021: What Business Support is available?

This year, we have been amazed at the resilience of clients and how they have energetically repurposed or pivoted their businesses into new areas, products and services. Businesses have redesigned delivery and payment systems, moved their entire processes digital, accepted remote working or new safe working environments and adopted new technologies to survive and indeed…Read More

Third Self-Employment Income Support Scheme Now Open

The third grant for SEISS is now open. To make a claim for the grant, your business must have been impacted by coronavirus on or after 1 November 2020. You can make a claim for the third grant if you are eligible, even if you didn’t make a claim for the first or second!  …Read More

Coronavirus Vaccine: Economy Gradually Recovering

This week, we can reflect on the good news of the first vaccines arriving, being distributed and administered to people in the UK. The Government plans state the aim of the COVID-19 vaccination programme is to protect those who are at most risk from serious illness or death from COVID-19.  The Office for National Statistics…Read More

Chancellor Announces Economic Emergency

Official forecasts are now predicting the biggest economic decline in 300 years, as the chancellor has announced an “economic emergency”. The Chancellor of the Exchequer, Rishi Sunak , has said that the “economic emergency” caused by Covid-19 has only just begun. He warned that the virus would mean lasting damage to growth and jobs. The…Read More

Coronavirus Business Interruption Loan Scheme Extended

It has also been announced that the Coronavirus Business Interruption Loan Scheme has been extended and will be open until 31st January 2021. The Coronavirus Business Interruption Scheme was created to help small and medium-sized businesses access loans and other kinds of finance up to £5 million. The government guarantees 80% of the finance to…Read More

Bounce Back Loans Scheme Extended and Rules Eased

Small and medium sized businesses can now top-up the amount they borrowed in the Bounce Back Loans Scheme, if they were entitled to more. However, the request to top-up must be filed by the 31st January! Last week, it was announced by the chancellor that the rules to claim in the Bounce Back Loan Scheme…Read More

What Coronavirus Business Support is Available to Me?

Lockdown has now started for England and continues elsewhere, and the government has released a new series of business supports to help combat the effects of a second lockdown. These include extending the furlough scheme, and the self-employment income support scheme across the UK.  As ever, TurnerWarran is here to help local businesses anyway we…Read More

Chancellor Announces Further Winter Support for Businesses and Workers

The government announced today that it will increase the amounts and reach of its winter support schemes. Acknowledging the challenging times ahead, the Chancellor of the Exchequer Rishi Sunak said he would be increasing support. This will be through the existing Job Support and self-employed schemes, and also expanding business grants to support companies in…Read More

Brexit: Our 20 Point Planning and Preparation Checklist

At TurnerWarran, we want all of our clients to be as prepared as possible for the next few uncertain months. As such, we’re going through some resources, tips and guidance for SMEs to help prepare for Brexit changes to international trade rules, importing and exporting goods, and much more. There’s still some uncertainty as to…Read More

Coronavirus: Business News and Updates from this Week

With further lock-down measures announced in Scotland and more expected in England, Wales and Northern Ireland the Government has published its latest experimental data on the impact of the coronavirus (COVID-19) on the UK economy and society. The main points are that nearly a fifth (19%) of businesses intend to use increased home working as…Read More

Grant Funding Available to Support Local SMEs Impacted by Coronavirus

#GrowMySME have two types of grant funding available to businesses, with up to £5,000 available to help support businesses that have been impacted by Covid-19.  #GrowMySME are offering two grants to help contribute towards the cost of working with experts that can help businesses bounce back to normality. From professional advice around business growth, planning…Read More

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