Extend furlough scheme to summer, warns BCC
Around four million UK workers were furloughed at the end of December.
Over 900,000 UK firms ‘at risk of failing by April’
Around 15% of businesses are at “great risk” of imminent closure
IFS: UK tax system ‘discourages employment’
Employees’ salaries currently attract more in tax than self-employed individuals.
Firms call for urgent action to reduce unemployment
Unemployment increased to 5% in the three months to November 2020.
HMRC waives penalties for late-filed tax returns
Fines to kick in after 28 February 2021.
Nine million people increased borrowing in 2020
The proportion of borrowing £1,000 or more increased to 45%.
Millions to face fines if self-assessment tax return deadline missed
Taxpayers could face fines totalling to £250 million.