COVID-19 Business News

Tyne Bridge, Newcastle-upon-Tyne

Northern England in reverse: ‘14 years of growth may be lost’

REGIONS in the North of England could lose up to 14 years of growth in the wake of the pandemic, a study warns. The North...
Insolvency - letter cubes

Corporate insolvencies as pandemic restrictions fade

By PATRICE CROSBOURNE THE UK Government Insolvency Service has released statistics for corporate insolvencies in England and Wales for May 2022. An increase in corporate insolvencies...
SBA Paycheck Protection Program

Covid relief programme ‘looted by fraudsters’

UNITED States prosecutors are investigating “the largest fraud in US history” — billions of taxpayer dollars for coronavirus aid stolen and used to buy...
Fraud Alert - internal audit

Internal auditors ‘strategic advisers’ on online fraud

DATA AND tech company Kroll has issued a report on the changing role of internal audit in fraud risk-management since the start of the...

UK faces ‘productivity collapse’ as remote workers admit they do less

BRITAIN’S economy is on the brink of a productivity collapse, with homebound workers admitting they get away with an average of two hours and...
Hybrid technology mixing physical and digital worlds

Is your business metaverse-ready..?

By PETER GOULD The long awaited New Normal brings with it challenges and changes that are having immediate and profound effects on business. Many industries were...
Thomas Cook shop

Firm that snapped-up troubled Thomas Cook is facing job cuts

THE COMPANY that bought-up 2,000 defunct Thomas Cook shops last October has warned that almost 900 of its staff may lose their jobs. Hays Travel...
UK Government loan

Covid-19 loan schemes ‘a debt, not a grant’ cautions UK Finance

UK BUSINESSES are pessimistic about their growth potential once the COVID-19 crisis passes. A survey of 1,200 firms has found that the pandemic has negatively...
Roaring Twenties

Roaring ’20s, take two: Life returns to the high street

AS THE pandemic’s disruption fades, new patterns in consumer behaviour are taking shape. Increases in spending at the start of this year, coupled with the...
Businessman in handcuffs. Covid scheme fraud illustration

Lengthy bans for directors who fiddled Covid scheme

AN AVERAGE of 35 directors are being banned by the UK Insolvency Service each month for abusing the Covid Support Scheme. That’s almost treble the...