Money Matters

Coronavirus update: Manufacturing Barometer to take pulse of impact on industry

March 27, 2020
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Coronavirus update: Manufacturing Barometer to take pulse of impact on industry

Swindon’s small and medium-sized manufacturers are being urged to take part in a major survey to gauge the impact of the coronavirus pandemic on industry. The resected quarterly Manufacturing Barometer – the largest survey of its type in England – has just gone live and is inviting companies to highlight the issues they are...

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Coronavirus update: Website launched with expert advice to help firms trade through the crisis

March 26, 2020
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Coronavirus update: Website launched with expert advice to help firms trade through the crisis

Swindon businesses needing up-to-date information, advice and guidance to help them trade in the current unprecedented market conditions are being encouraged to turn to a new web portal launched by Business West, the region’s largest business organisation. Called Trading Through Coronavirus, it aims to help businesses navigate their way through the crisis by enabling...

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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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Coronavirus update: Interest rates slashed to lowest-ever level of 0.1% by Bank of England

March 19, 2020
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Coronavirus update: Interest rates slashed to lowest-ever level of 0.1% by Bank of England

The Bank of England has cut interest rates to 0.1% – their lowest level ever – as it attempts to deal with the economic fall-out from the coronavirus pandemic. The move is the second emergency cut in just over a week prompted by the outbreak – last week the rate was reduced from 0.75%...

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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: 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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Spring Budget 2020: Chancellor pledges total package worth £30bn to tackle coronavirus

March 11, 2020
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Spring Budget 2020: Chancellor pledges total package worth £30bn to tackle coronavirus

Key points from Chancellor Rishi Sunak’s first Budget . .  Chancellor started speaking at 12:35pm He says public services are well prepared to tackle coronavirus There is likely to be a "significant" impact on the UK economy but it will return to normal There will be a funding "bridge" for business to help them...

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