As expected, the UK’s coronavirus lockdown rules have changed once more, as England joins Scotland and Wales in national lockdown. The new rules will run until at least the middle of February. Here’s how different businesses will be affected.
The government has announced that it will be extending the application dates on the financial support packages for businesses affected by coronavirus. This means the furlough scheme will be extended until April 2021, along with the Bounce Back, CBILS and CLBILS loan schemes.
2020 has been a turbulent year for business owners, especially those who have had business insurance claims turned down because their business interruption policies didn’t cover them for the pandemic.
And it looks like 2021 will be just as turbulent, as the pandemic could lead to policy price hikes of as much as 800%.
The government has just announced the the new tier system for England, highlighting which areas fall into which tier. Here’s all you need to know.