Page 11 - Make United News Today

Firms won’t start paying off Covid debt until 2024 Total borrowing by UK firms during the pandemic is expected to hit £60bn by the end of 2021 8 February 2021 • 6:00am Companies are building up enormous piles of debt to stay afloat through the pandemic, with many unlikely to begin paying back for years. Total borrowing by UK firms through the pandemic is expected to top £60bn by the end of 2021, according to a forecast by the EY Item Club – which predicted many would not begin to pay ba...

THE yawning chasm between grim Brexit realities for hard-pressed businesses and households, and fantasies about what the future could hold for what…

| UPDATED: 15:03, Tue, Feb 2, 2021 Link copied Sign up for our columnists plus the most commented stories driving conversation SUBSCRIBE Invalid email When you subscribe we will use the information you provide to send you these newsletters. Sometimes theyll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time. British firms and unions explained the increased a...

Disingenuously, the government replies that all is quiet at the ports; but that’s only because a third less traffic is trading either way, and may never return. Stockpiles will run down, 1,000 cars from just one factory are parked up waiting for parts, and things will get worse. A year before Brexit, the Institute of Directors warned that a third of businesses would move operations to the EU – and it’s happening, haemorrhaging tax revenues and jobs. This is not “teething trouble” but ...

Almost two thirds of UK firms have been experiencing “significant disruption” to their supply chains across the EU border since the start of this year, according to the manufacturers’ association, Make UK. Many claim that the extra paperwork required since the end of the Brexit transition period has meant delays for firms trying to export and import goods into Europe and they are urging the government to solve the problem.

Brexit taskforce meets to ensure businesses get the support they need The Brexit Business Taskforce meets to identify challenges facing traders and find solutions to outstanding issues. From: Government will “pull out all the stops” to help businesses adjust to new rules; Compliance with border rules remains high and there are still no queues at ports as flows approach normal levels. The Chancellor of the Duchy of Lancaster, Michael Gove, will chair a meeting of the Brexit Business Task...

Business Secretary Kwasi Kwarteng hosted a series of calls with business leaders on his first day in office.

Supermarkets told to stockpile food, ECMT permits issued but fall short of requirements Although the deadline for a Brexit deal has been extended from Sunday, with reports today that negotiators will go the extra mile, it widely presumed that a no-deal is the most likely option. If no deal is agreed before 31 December then the UK and the EU would begin trading on World Trade Organisation (WTO) terms, meaning tariffs would be implemented. Meanwhile according to the Guardian  supermarkets have b...

Industry leaders warn those doing service work as well as visiting conferences will be affected<br>