Media

Coronavirus update: Business West welcomes new insolvency and red tape measures

March 30, 2020
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Coronavirus update: Business West welcomes new insolvency and red tape measures

The latest moves by the government to support businesses, including relaxing the insolvency laws and removing some red tape, have been given the thumbs up by the region’s largest business organisation. Business West described the measures, announced by Business Secretary Alok Sharma on Friday evening, as sensible steps that would help protect companies weakened...

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Coronavirus update: Government ‘lifeline’ for self-employed welcomed by business groups

March 29, 2020
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Coronavirus update: Government ‘lifeline’ for self-employed welcomed by business groups

Business organisations have backed government help outlined last night to support the self-employed and sole traders affected by coronavirus, describing them as a lifeline for around 5m people. The measures announced by Chancellor Rishi Sunak, pictured below, provide a grant worth 80% of profits up to a cap of £2,500 a month and are targeted...

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Coronavirus update: Government’s lockdown measures welcomed by business groups

March 24, 2020
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Coronavirus update: Government’s lockdown measures welcomed by business groups

National business organisations have welcomed the government’s drastic measures putting the country into virtual lockdown in a bid to combat the rapid spread of coronavirus. The CBI said the action presented “great challenges” while the British Chambers of Commerce (BCC) said it made it even more vital that support for businesses was delivered quickly. ...

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Coronavirus update: Business Link and South West TUC call for stronger regional response to crisis

March 23, 2020
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Coronavirus update: Business Link and South West TUC call for stronger regional response to crisis

The South West TUC and Business West, the region’s largest business organisation, have jointly welcomed the latest government measures to tackle the economic and jobs crisis triggered by the coronavirus pandemic. But in a joint statement they slammed the regional response as “too slow . . . fragmented and inconsistent” and called for further...

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CORONAVIRUS UPDATE: All pubs, bars and restaurants to close tonight as Chancellor announces ‘unprecedented’ support for firms

March 20, 2020
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CORONAVIRUS UPDATE: All pubs, bars and restaurants to close tonight as Chancellor announces ‘unprecedented’ support for firms

Pubs, cafes and restaurants must close down this evening, Prime Minister Boris Johnson has announced, as Chancellor Rishi Sunak unveiled a massive package of measures to support businesses and their workers. The government is to pay 80% of wages for employees not working, up to £2,500 a month, Mr Sunak said.  Companies and organisations...

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Business West training scheme in the running for blue-chip national recruitment award

March 18, 2020
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Business West training scheme in the running for blue-chip national recruitment award

A training programme staged by Business West, the region’s largest business organisation, has been nominated alongside the likes of Apple and Google at a prestigious national awards scheme. Pathways to International Trade, which is in its sixth year, involves talented undergraduate students undergoing an intensive four-day training course in international trade and exporting before...

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Coronavirus update: Chancellor announces emergency measures to support businesses

March 17, 2020
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Coronavirus update: Chancellor announces emergency measures to support businesses

Chancellor Rishi Sunak has unveiled an emergency £330bn package to support businesses during the coronavirus crisis. Mr Sunak, pictured, said the move was equivalent to 15% of the UK’s GDP and added that if demand was greater than the initial £330bn he would go further and provide as much capacity as required.  Measures include:...

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Spring Budget 2020: Regional business reaction

March 11, 2020
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Spring Budget 2020: Regional business reaction

Business West, the region’s largest business organisation, has welcomed Chancellor Rishi Sunak’s response to the coronavirus crisis in his Budget – but warned that its commitment to funding big-scale ‘levelling-up’ infrastructure projects through borrowing could unravel if the economy goes into recession. Managing director Phil Smith, pictured, said a strong statement of intent from...

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Spring Budget 2020: National business reaction

March 11, 2020
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Spring Budget 2020: National business reaction

The CBI described Rishi Sunak’s first Budget as “bold” in combining the much-needed immediate response to the coronavirus crisis with longer-term measures to boost the economy. Director-general Dame Carolyn Fairbairn, pictured, said the Chancellor had worked against the clock in deeply challenging times to deliver two Budgets in one – the first for national...

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Spring Budget 2020: Key economic points so far . . .

March 11, 2020
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Spring Budget 2020: Key economic points so far . . .

Key points from the 2020 Budget so far . . . Growth forecasts updated to 1.4% for 2020 and 1.6% for 2021  Planned rise in alcohol duties cancelled Fuel duty frozen Government to abolish business rates for small shops this year levy on electricity frozen and increased on gas Tax on plastic packaging to...

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