Corporate News
Our take on the latest news and events within the corporate world.
August 2020
Will Triple Lock State Pensions Survive the Recession?
The Covid-19 pandemic has dealt a crippling blow to the British economy. The latest predictions from the Office for Budget Responsibility say that the country is on track to see the largest economic decline for 300 years, with output falling by at least 10% over 2020. While the long term economic outlook is uncertain, the…
Should Over 40s be Taxed Higher to Solve the Social Care Crisis?
The question of who should pay for social care is a pressing one; successive governments have grappled with the issue and none have found a concrete solution. At the moment, some people who don’t qualify for local council funded care have to sell their homes to cover the costs, which can exceed £1,500 a week….
£495,000 Violation of the Furlough Scheme Leads to HMRC Arrest
A 57 year-old man from the West Midlands town of Solihull has become the first person to be arrested for fraudulent use of the government’s furlough scheme. The fraud is thought to account for £495,000. The man was arrested by officers from HMRC – the department responsible for overseeing the furlough scheme – and his…
The Coronavirus Job Retention Scheme is Ending: What Next?
With the Coronavirus Job Retention Scheme ending on October 31st, many employers could be left in the lurch. Here are the key changes you need to be aware of. Furlough Latest Developments Since July 1st, any employees still on the scheme are treated as a “flexible furlough” arrangement. This enables employees to return to paid work part time,…