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Businesses prepare for a bloodbath of redundancies when furlough support starts to reduce | Video

Businesses prepare for a bloodbath of redundancies when furlough support starts to reduce | Video
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United kingdomCity ofKim rixKaren watkinsLee marplesChris ramsbottomMatt housleyRhys schofieldDebbie porterJessica rossAdam bamfordEmily alexanderCraig buntingOliver bryantNatalie dawsonJeremy thompson cook

Exclusive: Business owners on how the recovery is playing out on the ground

City A.M. spoke to a number of business owners around London and across the UK. Roadmap and vaccines: ‘Ready to party again’ Despite a drop in consumer-facing industries driving a contraction of 3.5 per cent in the services sector throughout January, Mark Green, who runs tailored DJ service DJ Mark Green, looks at the future with renewed confidence. “Since the recent roadmap announcement, wedding enquiries and bookings have gone through the roof,” shared an ecstatic Green with City A.M. “Client confidence has returned with a bang and there’s now a frantic race on to secure future dates. “If the key lockdown easing dates are achieved in April, May and June, the future is looking far brighter for my business and the wedding and broader events industry,” he added.

United kingdomCity ofUnited kingdom generalBryony lewisMark greenRobert sinclairAndy bargeryAli flemingHelen llewellynChristine charitonosKeisha shahNancy shafeeDeutsche bankCariad personal ceremoniesAgency squaredWhat does not

Small companies hail Rishi Sunak s critical Budget freeze on VAT and business rates

Rishi Sunak unveiled a raft of measures aimed at helping small businesses today. The Chancellor targeted high street firms with a business rate holiday extension until June, followed by a two-thirds reduced rate for the rest of the financial year. He also confirmed a freeze of VAT at 5 per cent for hospitality firms until June, and to stagger a return to the 20 per cent regular rate with an interim 12.5 per cent step until April 2022. Business leaders had called for another year at the 5 per cent rate. He also unveiled an extension of the furlough scheme until September - albeit with increasing employer contributions set at 10 per cent in July and 20 per cent from August.

East sussexUnited kingdomWest midlandsUnited kingdom generalCity ofSouth yorkshirePaul asbridgeRalph skripekLuke davisMike cherryRobert kincaidAmit shahHelen skripekAndrew megsonKeisha shahFederation of small businesses