October 2020

Job Support Scheme up and running

The Job Support Scheme (JSS) opened on 1 November and will run for six months, until 30 April 2021. The government has said it will review the terms of the scheme in January 2021. There are two variations to the JSS – JSS Open and JSS Closed. JSS Open will provide support to businesses that are open and where employees

Read more

Read more

Two-thirds of all UK firms at risk of insolvency

Two-thirds of all businesses across the UK have a “low to severe risk of insolvency”, according to the Office for National Statistics (ONS). Its latest Business Impact of Coronavirus Survey (BICS) found that 64% of companies across all industries are at risk of insolvency, with 43% having less than six months’ cash reserves. Some 14% of all UK businesses have

Read more

Read more

Pandemic hits education and job prospects of young people

More than one in 10 people aged 16–25 have lost their job, and just under six in 10 have seen their earnings fall since the coronavirus pandemic began, new research shows. The study found young workers to be twice as likely to have lost their jobs compared with older employees. It also found that employment and earnings losses are more

Read more

Read more

Job Retention Bonus to be paid for furloughed staff

Companies will be able to claim a one-off payment of £1,000 for every eligible employee they furloughed and claimed for through the Coronavirus Job Retention Scheme (CJRS) and keep continuously employed until at least 31 January 2021. Those eligible for the scheme do not have to pay this money to their employee. Instead, they can claim the bonus between 15

Read more

Read more

New guidance on AML

The CCAB has launched a new website focusing on anti-money laundering –Anti-Money Laundering and Terrorism Financing Guidance 2020 can be found at https://tinyurl.com/y5dvv6oq The guidance is based on the law and regulations as of 10 January 2020, but the CCAB warns that some of the requirements of the regulations relating to the EU are expected to change at the end

Read more

Read more

Living and Leading On Purpose – The Richard Tyler Interview

Episode 14 of the IAB Podcast Richard Tyler is a Chief Possibility Architect, Bestselling Wiley Author with his book ‘Jolt’ and he’s also an acclaimed International Speaker Richard played the lead roles in many West End musicals such as The Phantom of the Opera and Les Miserables. Richard is also headlining The IAB’s Fundamentals 2 Webinar Series starting on Monday

Read more

Read more

CEO Janet Jack Blog – Chancellor Announces Further Financial Support for Businesses

After mounting pressure from MPs, regional mayors and businesses, the Chancellor Rishi Sunak returned to the Commons to announce three further steps to support those living under Tier 2 conditions. Mr Sunak told MPs he acknowledged the “frustration” of people living in Liverpool, Manchester and Lancashire – the areas of England now under the toughest virus restrictions – and said

Read more

Read more

Friday Roundup Podcast 23rd October 2020

The news from the week ending 23rd October 2020 Janet Jack – CEO Sarah Palmer – COO Simon Jordan – Marketing Below are the notes from the podcast On this week’s Friday Roundup we have… Simon Talks about our guest on this week’s coffee morning Richard Tyler will be heading the Fundamentals 2 and presenting about how to Live and Lead on

Read more

Read more

Bounce Back Loan Scheme could lose taxpayers £26b

The government faces a potential loss of £15 billion to £26 billion through businesses not being able to repay the loans made through the Bounce Back Loan Scheme and fraud. That’s the conclusion of a National Audit Office (NAO) report into the Bounce Back Loan Scheme, launched in April to provide loans of up to £50,000 to small businesses to

Read more

Read more