The latest snapshot suggests that relatively few people have been granted payment holidays so far – possibly because the government jobs furlough scheme is helping to maintain family incomes. Less than 2% of the 51m credit card accounts in Britain are on pause and less than 7% of loan payments frozen. … [Read more...] about UK banks granted 1.5m payment holidays on credit cards and loans
Government business loans grants
Income-tax deferrals: Self-assessment income tax payments, that were due in July, can be deferred to the end of January next year. Rent support: Businesses who are struggling to pay their rents are protected from eviction until the end of June. Coronavirus business interruption loan scheme: SMEs can get loans and overdrafts of up to £5million for up to six years and the government will guarantee up to 80 per of these. Grants of up to £10,000: Small firms can get grants of up to £10,000 to help with ongoing business costs. VAT payments: VAT payments can be deferred for three months. Tax bill help: SMEs that cannot afford their tax bills can ask HMRC for a “time to pay” arrangement so any debt collection is suspended. Business rates holiday: A 12-month business rates holiday has been introduced for many businesses. Most read in Money … [Read more...] about Is the self-employed government grant scheme going to get extended like furlough to October?
The Small Business Grant provides businesses with a £10,000 grant per property. The Retail, Hospitality and Leisure Grant Fund provides firms with grants of up to £25,000 per property. If you’re looking for more targeted support, the government can provide 12-month, interest-free loans of up to £50,000 through its Bounce Back Loan Scheme. If you’re VAT-registered, you can seek deferral on payments until the end of June. You can also seek a business rates holiday if this applies to you. The government has given a further £617million to local authorities in England, Wales and Northern Ireland to make discretionary grants. Kristina starred on Strictly Come Dancing from 2008 to 2016, but left to start a family with her partner Ben Cohen after being paired with him on the show. … [Read more...] about Ex Strictly star Kristina Rihanoff rages as her yoga business is denied taxpayer support
Both Andrew Cuomo and Bill De Blasio are refusing to reopen NYC and let people get back to work but are demanding money from the federal government for the services they run. On Wednesday de Blasio said it was Trump's fault that NYC had lost $9billion and Cuomo demanded more money in the next stimulus bill for government-run services … [Read more...] about NYC restaurants plead to be allowed to open with outdoor tables and say they’re in ‘dire need of help’ after being forced to stay closed for 11 weeks despite dwindling infection numbers
Professor Peter Horby, chairman of the New and Emerging Respiratory Virus Threats Advisory Group (NERVTAG) and a member of the Scientific Advisory Group for Emergencies (SAGE), said: "We really can't go back to a situation where we've got the numbers of cases and deaths we've had in the past," he told BBC Radio, adding that a test, trace and isolate system needed to be operational as without it a "risk" is posed. … [Read more...] about Coronavirus latest: Angela Merkel says Germany has ‘passed’ COVID-19 test so far