Calls grow to extend support for the self-employed

Chancellor Rishi Sunak is being urged to extend the self-employed income support scheme (SEISS), which ends this weekend. The scheme pays lump sums worth 80% of total profits, up to £2,500 a month, over a three-month period starting from March 2020. More than two...

Furlough scheme covers 8.4m workers

The number of employees who are covered by the Government's furlough scheme has passed 8.4 million, according to the Treasury. That means 30% of the UK's 28m employees were covered by furlough scheme on 24 May 2020. The scheme, formally known as the coronavirus job...

How has COVID-19 affected the housing market?

The housing market in England is open again, with restrictions on valuing, viewing and moving house lifted as of 13 May 2020. These activities had been suspended under the initial phase of lockdown, which did not allow individuals to invite visitors into their home....

HMRC relaxes stance on home office equipment

HMRC has relaxed rules that usually restrict reimbursement for spending on office equipment for the rest of 2020/21. This should help employees avoid receiving a tax bill relating to working from home during the coronavirus lockdown. Since the lockdown restrictions...

Fraud victims soar during pandemic

Around one in five adults have either been a victim of a pension scam since COVID-19 hit the UK, or know someone who has. Opinium polled 2,000 adults in the UK on behalf of Canada Life in the month up to 5 May 2020, when the coronavirus outbreak was at its peak. Of...