Bank lending to firms up £12bn after dip due to covid schemes ending July 18, 2022 The so-called loan ‘drought’ induced by the pandemic appears to be coming to an, with lending up by £12bn. Banks are increasing their lending in wake of a sharp decline in wake of both the Coronavirus Business Interruption Loan Scheme (CBILS) and Bounce Back Loan Scheme (BBLS) ending. According to research from ACP Altenburg Advisory, [...]
Disinfectant product maker rides post-pandemic crest as it looks to break America July 18, 2022 Infection prevention product manufacturer Tristel rode the crest of the post-pandemic wave and weathered Brexit disruption, as it sets its sight on the American market. The company benefited from society recovering from coronavirus, with a spike in the use of disinfectant products, particularly in hospitals, as procedures return after lockdowns. It said there were almost [...]
Fourth time’s the charm: Government prepares Covid boosters for over 50s this autumn July 16, 2022 Covid boosters will be offered to everyone aged 50 this autumn, as the Government looks to contain hospitalisations and severe illness.
UK covid death toll passes grim milestone of 200,000 July 13, 2022 A grim milestone of 200,000 coronavirus-linked deaths has been passed as the UK grapples with a spike of a new variant. Figures released by the Office for National Spastics show that as of last week there was 200,247 fatalities registered in the UK where Covid was referenced on the death certificate. The watershed moment for [...]
Renold cuts debt and raises revenue in solid year July 13, 2022 Renold’s revenue grew 18.1 per cent to £195.2m while net debt dropped £4.6m to £13.8m for the year ended 31 March 2022. The manufacturer announced today that its operating profit had gone up from £11.4m in 2021 to £15.3m this year. The company recovered from the Covid pandemic and many of its businesses delivered were record [...]
Government braces to fund ‘substantial’ number of Covid-19 vaccine liabilities July 13, 2022 The government is bracing to fund a “substantial” number of liabilities relating to negative impacts from Covid-19 jabs, having spent more than £34bn on the vaccine rollout so far. The Department of Health and Social Care told vaccine manufacturers at the start of the programme that it would cover future claims against producers for [...]
Pandemic-born businesses could add over £20bn to UK economy, study shows July 7, 2022 Businesses started during the Covid pandemic could add £20.4bn to the UK economy as the number of start-ups during the pandemic grew. About 800,000 companies were registered in the first year of the pandemic in the UK, 22 per cent more than the year before, a joint report by CBI Economics and NatWest showed. 80 [...]
Covid loan fraudsters should turn themselves in to avoid harsher penalties, lawyers say July 4, 2022 Individuals who defrauded the government’s Covid support schemes should consider turning themselves in to avoid even harsher penalties, amid a far-reaching crackdown on those responsible for making fraudulent claims, lawyers have said. The comments come after figures from the UK’s Insolvency Service showed the executive agency has struck off a total of 179 company directors, [...]
Pandemic not over: Omicron variants drive surge of covid cases by 32 per cent in a week July 1, 2022 Coronavirus cases in the UK have spiked by more than 30 per cent in a week, while hospitalisation rate was up to 11 per cent, from eight. New figures released by the Office for National Statistics show a surge in cases from 24 June, up to 2.3m from 1.8m people across the UK. The Omicron [...]
UK’s charity watchdog opens probe into Captain Tom Foundation June 30, 2022 The UK’s charities watchdog has launched an investigation into The Captain Tom Foundation, over concerns about potential conflicts of interest involving the late Army officer’s family. The Charity Commission today said it had opened an inquiry into The Captain Tom Foundation over concerns about the charity’s management. The watchdog said a company that is controlled [...]