OBR predicts UK economy will shrink by over a third

May 06, 2020

The Office for Budget Responsibility (OBR) has warned that the UK economy could shrink by 35% this quarter due to the COVID-19 crisis.

The OBR said that the outcome was modelled on an assumption…

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Government borrowing could rise to £300 billion

May 06, 2020

The Centre for Policy Studies (CPS) has suggested that government borrowing may rise to £300 billion in 2020 as a result of the COVID-19 pandemic.

The think tank has been working to estimate…

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HMRC extends late reporting deadline for CGT

May 06, 2020

On 6 April changes were made so that if a UK resident sells a residential property in the UK, they now have 30 days to tell HMRC and pay any money owed.

The seller must submit a standalone tax…

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Government launches small business micro loan scheme

May 06, 2020

On 4 May 2020 the government launched a micro loan scheme for small businesses as it continues to try and mitigate the economic damage caused by the coronavirus (COVID-19) lockdown.

The Bounce…

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Bounce Back Loans Scheme

May 04, 2020

Information on the Bounce Back Loans Scheme that is launching today. 

What are the new Bounce Back loans?

  • Loans are 100% guaranteed by Government
  • Banks…

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Happy Easter from Armstrongs

Apr 08, 2020

Easter Holiday Opening Hours

Armstrongs will be closed on Good Friday (10th April) and Easter Monday (13th April) for the Easter break.

The team will be available from 9am on Tuesday…

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Chancellor's business support packages for coronavirus pandemic

Apr 07, 2020

On 17 March, Chancellor Rishi Sunak unveiled a £330 billion package of support for the UK economy as it combats the COVID-19 pandemic. The measures dwarf the £12 billion made available in the 2020 Budget.…

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Chancellor unveils help for self-employed workers

Apr 07, 2020

On 26 March, Chancellor Rishi Sunak announced a scheme to help self-employed workers who have been hit by the COVID-19 crisis.

Under the scheme, the government will pay self-employed people…

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Regulators request delay in corporate reporting

Apr 07, 2020

Financial regulators have requested a moratorium on corporate financial reports for at least two weeks. The Financial Conduct Authority (FCA) has been communicating with the Financial Reporting Council…

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