UK Economy

a blog featured image with a topic title Taxes and Duties for Imported Goods in the UK

Taxes and Duties for Imported Goods in the UK

Have you ever purchased something and had it shipped to you from overseas? Imported goods allow us access to products that are made in other countries. To bring them in, however, you need to pay certain duties and taxes to UK customs. If you are buying from abroad, here is a breakdown of what fees …

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a blog featured about the topic of Can I make myself redundant

Can I Make Myself Redundant?

Employment Redundancy The thought of unemployment usually sends a shiver down your spine. But there are some situations where redundancy or job loss is preferred because the workforce needs to be reduced. Can you ever make yourself redundant by choice? Why yes, you can. Whether it is from wanting to change careers or from wanting …

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a blog featured image Do Furloughed Employees Get Paid?

Do Furloughed Employees Get Paid?

During business slumps and economic recessions, enterprises go into survival mode. They will execute multiple strategies to keep the company thriving amidst financial crises. One way to do just that is to devise cost-saving plans to cut business expenses without compromising the acquired talent and human capital. So instead of laying off employees, firms resort …

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a blog featured image entitled Do You Get Paid During A Furlough?

Do You Get Paid During A Furlough?

The pandemic’s adverse effect is crippling the economy, the government, and the country’s whole workforce. With over three months under community quarantine, businesses have no choice but to cease operations and resort to employee lay-offs or furlough, sometimes both.  As of date, there are approximately 800,000 enterprises who opted to furlough workers to keep their …

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the cover image for a blog with the topic announcement of UK Spring Budget 2021 by Chancellor Rishi Sunak

UK Spring Budget 2021 by Chancellor Rishi Sunak

Springtime is just around the corner, and we all know what that means – budgets! UK Spring Budget 2021 and grants extension. Oh, were you expecting something else? Kidding aside, let us get down to business. This previous week, Chancellor Rishi Sunak has announced a few updates that will undoubtedly impact SMEs or Small to Medium Enterprises, …

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4th and 5th Self-employed Grants

4th and 5th Self-employed Grants

The pandemic, which was initially expected to be nothing more than a week-long lockdown, has now extended for a year, affecting not only the UK but also every country worldwide. Thus, individuals both self-employed and working have suffered severe changes, some losing their jobs and businesses. Therefore, the government has issued aid in instalments given …

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3K Incentive Payments For New Apprentice Hires - Double The Previous Payments

3K Incentive Payments For New Apprentice Hires – Double The Previous Payments

Chancellor Rishi Sunak has decided to double the budget for employees in hiring apprentices of all ages. This budget has been agreed to help young people and their traineeship. Specifically, it has been increased up to a 3k incentive payment.   The beneficiaries of this said grant are apprentices taken in by employers despite COVID. …

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a blog featured image entitled What Does Furlough Workers Mean In the UK

What Does Furloughed Workers Mean In the UK

The pandemic does not only affect the health and safety of society. It is also crippling the economy of all countries, hurting the livelihood of millions. The mandatory cancellations, distancing, and lockdowns are not conducive for most businesses. To keep their ventures afloat, companies do not have any other options than to furloughed workers and …

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a blog featured image entitled 4 Key Advisors a Business Owner Needs as the Business Scales

4 Key Advisors a Business Owner Needs as the Business Scales

As a business grows, a business owner will need more help professionally and personally to continue its operations, a sample of that would be the key advisors of businesses. Many business owners do not always know whom to turn to grow, manage, and operate a business. This is why it is recommended that they turn …

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