Business news
The latest business and financial issues making the headlines.
Standard rate of VAT cut in hospitality and tourism sectors
Reduced rate of 5% announced for food, accommodation and attractions.Economic update 2020: expectations
Three changes the Chancellor may announce.Exporters feel upturn in international trade
Supply chains pick up as restrictions ease.Workers in crisis-hit sectors face savings crisis
COVID-19 causes savings gap to widen.COVID-19 prompts increase in savings habits
More households are ‘saving for a rainy day’.First round of SEISS grants to end next week
The self-employed urged to double-check eligibility.Businesses expect annual turnover to fall
Large study shows impacts of COVID-19.UK economy fared worse than feared in Q1
ONS revises down its previous estimate by 0.2%.Late payments crisis deepens during lockdown
Group claimed big firms withheld or froze payments.House sales fell by 50% in May 2020
46,230 homes sold as COVID-19 restrictions impact the housing market.