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Big Temporary Changes to Insolvency Law and Wrongful Trading Announced

by Add Then Multiply | Mar 29, 2020 | Finance, Growth

Yesterday, Alok Sharma, the Secretary of State for Business, Energy and Industrial Strategy gave the government’s daily briefing to the press. Among other things, he announced that there would be a temporary relaxation to insolvency laws, designed to give company...
An Open Letter to Chancellor Rishi Sunak

An Open Letter to Chancellor Rishi Sunak

by Add Then Multiply | Mar 27, 2020 | Finance, Growth

This is an open letter I’ve just posted to the Chancellor to try and redress the gaping hole that entrepreneurs and self-employed people find themselves in.        Dear Chancellor,   The actions that you and the government have taken to...
The Coronavirus Job Retention Scheme in plain English

The Coronavirus Job Retention Scheme in plain English

by Add Then Multiply | Mar 27, 2020 | Finance, Growth

At last, HMRC has published guidelines on the operation of the Coronavirus Job Retention Scheme (CJRS). Here they are, translated into plain English.   Who qualifies?   Any UK organisation that is registered with HMRC for PAYE and had employee(s) on the...
The Chancellor giveth, and the Chancellor taketh away

The Chancellor giveth, and the Chancellor taketh away

by Add Then Multiply | Mar 26, 2020 | Finance, Growth

Help for the self-employed? Not if you’re doing well.   I have to say that I’m very worried by the Chancellor’s announcements this evening. Rishi Sunak opened his presentation saying that the self-employed would get a similar deal to employees who are furloughed...
The Coronavirus Business Interruption Loan Scheme (CBILS) is now live

The Coronavirus Business Interruption Loan Scheme (CBILS) is now live

by Add Then Multiply | Mar 24, 2020 | Finance, Growth

The scheme announced by the Chancellor last Wednesday has now gone live, and there are more than 40 accredited lenders – including all the main high street banks – who offer CBILS.   It is strongly recommended that you initially approach your existing...
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