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Thousands of aspiring first-time home buyers who run into financial trouble due to the coronavirus pandemic could have to pay the Government hundreds of pounds to access house deposits before they are eligible for benefits. The Department for Work and Pensions says Lifetime Isa savings are included in the means test for Universal Credit, but … Read more
The Treasury is finally set to extend its package of coronavirus rescue loans today, which will come as a relief for hundreds of businesses that had fallen through the cracks. Firms which make more than £45m were denied access to the Coronavirus Business Interruption Loan Scheme (CBILS) launched last month. Help was on offer to … Read more
Half of UK businesses have furloughed nearly ALL their staff after take-up of government scheme was three times more than expected and could cost £40bn Nearly 20% of small businesses plan to furlough all of their staff Treasury estimates originally thought 10% of firms would adopt the scheme But new figures from the BBC show … Read more
If you’re trying to move house and are unsure how the Government’s announcement will affect you, removal quote provider Reallymoving has put together the following advice: Securing a mortgage · Be prepared to provide evidence of job security, something banks will be checking even more closely than usual. · With surveyors currently unable to carry … Read more
Treasury Secretary Steve Mnuchin has predicted that the economy will bounce back as early as July if the coronavirus pandemic is contained soon. Speaking to Fox News on Sunday, Mnuchin said he was unsure of just how devastating the virus will be on the US economy, but he remains confident that the problem is short-term … Read more
Treasury Secretary Steven Mnuchin said Tuesday the spread of coronavirus ‘is worse than 9/11’ for the airline industry. United, Delta and Virgin have already drastically slashed their flight schedule, taking other cost-cutting measures, and storing their large aircraft which will be out of use. The airlines have requested a bailout package from the government, ranging between … Read more
Crackdown on tax avoidance and evasion to raise billions for Treasury coffers By Daily Mail City & Finance Reporter Published: 21:50 GMT, 11 March 2020 | Updated: 22:28 GMT, 11 March 2020 The Government said that new measures will recover £4.7bn in tax in tax by 2024/25 that would otherwise have been lost A crackdown on … Read more
New Treasury laws to delay death of cash By A Daily Mail Reporter Published: 23:45 GMT, 23 February 2020 | Updated: 23:45 GMT, 23 February 2020 Treasury officials are considering new laws which could delay the ‘death of cash’ in a welcome move for communities which still depend on banknotes. Chancellor Rishi Sunak is under … Read more