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chancellor of the exchequerjeremy hunt has described his autumn budget statement. 27 million workers will see their main national insurance contributions cut from 12% to 10% from january. and a tax break for companies that invest in new equipment will be made permanent, which mr hunt claims is the biggest business tax cut in modern history . also announced the news that from april, universal credit and disability benefits will go up by 6.7 percent. but those on welfare will have to take a work placement within 18 months or risk losing their benefits. the state pension will go up by 8.5% to 221 pounds 20 a week. the minimum wage for those aged 21 and older will go up to 11 pounds 44 an hour. pouring some cold water on all this however, a report out from the uk s independent spending watchdog, the office for budget responsibility. it warns that despite the new cuts, overall tax as a percentage of national income will soon be the highest since the second world war. here s ....
Resilience and perseverance are the keys to success, says this mother of two who started her own home-based business after losing her job during the movement control order. ....
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The Globe and Mail Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file . This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer Aaron Vincent Elkaim/The Globe and Mail The Canadian Federation of Independent Business is warning that more than 239,000 businesses could vanish because of COVID-19 as the new wave of restrictions and lockdowns leave a growing number of entrepreneurs considering giving up. New research from the small-business lobby group based on a survey of 4,129 of its members last week found that nearly 18 per cent were considering bankruptcy or shutting their business down for good. Extended across the country’s 1.1 million businesses – the vast majority of which are small or medium-sized – the federation said that 181,000 firms could be under threat, according to adjusted projections. That’s in ....
Small businesses in Albemarle Co. shifting gears to make it through the pandemic Small businesses in Albemarle Co. shifting gears to make it through the pandemic By Rachel Hirschheimer | January 14, 2021 at 10:15 AM EST - Updated January 15 at 9:57 AM ALBEMARLE COUNTY, Va. (WVIR) - The coronavirus pandemic has forced many retail owners to pivot how they do business in order to keep their doors open, and for some in Albemarle County, those alterations have been a game changer. “Pre-COVID in the Happy Cook, in the store, it would be shoulder-to-shoulder. A lot of our traffic is during the November and December time, and it’s normally pretty much filled to capacity on a normal December,” The Happy Cook owner Monique Moshier said. ....