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15 Oct 2024

The ACT is launching a campaign to ensure fair and accurate reporting of e-bike-related news while promoting the positive aspects of e-bike usage.

11 Oct 2024

ACT parent company Bira has responded to the BRC-KPMG Retail Sales Monitor for September 2024

10 Oct 2024

Cycle to Work scheme provider Gogeta has reported a significant increase in the number of employers signing up to its scheme.

9 Oct 2024

A UK cycling charity focused on recycling unused bikes and providing them to disadvantaged people has set up a fundraiser to help tackle significant increases in its costs.

9 Oct 2024

Long-standing independent bike shop Cyclesense has revealed a complete rebrand as it seeks to reflect its evolution from a local shop to a nationally recognised cycling retailer.

3 Oct 2024

The Federation of Small Businesses has launched a new initiative, which it says aims to transform high streets across the UK, by advancing economic, social, and cultural benefits, while also...

3 Oct 2024

3 in 4 Britons (77%) would ban paper receipts if they knew how many trees were cut down to generate them – and millennials are the most eco-conscious (rising to 87%).

25 Sep 2024

Major media outlets, including the BBC and Sky News, as well as regional and cycling-focused media to the growing  have been giving significant coverage to E-Bike Positive, the largest-ever...

25 Sep 2024

The Association of Cycle Traders (ACT) is excited to announce its new partnership with Renticy, the dynamic platform transforming retail through rental solutions. This collaboration brings a...

24 Sep 2024

The British Independent Retailers Association (Bira) is set to address critical issues facing the UK's high streets at its upcoming Annual Conference, marking the event's return after a six-year...

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Rishi Sunak rejects calls by businesses for furlough extension despite extended restrictions

Posted on in Business News , Cycles News , Political News

Rsocial distancingishi Sunak has rejected business demands for an extension of the furlough scheme and business rates relief, despite a four-week delay in the easing of Covid-19 restrictions now set for 19 July.

The fourth and final stage of taking England out of lockdown was originally set for June 21, but the rapid spread in cases of the Delta variant has led to a 50 per cent rise in hospitalisations across England week-on-week.

The lockdown extension is set to be reviewed in two weeks and the PM remains "confident" that the delay would not need to be longer than four weeks.

Chancellor Rishi Sunak has rejected the call to extend furlough and business rates relief, both of which are set to begin to wind down from the start of next month.

The furlough scheme will wind down from paying 80 per cent of people's wages to 70 per cent from July 1, with support set to be withdrawn altogether by September.

Business rate relief is set to fall from 100 per cent to 66 per cent from July 1, although it will remain in place until March next year.

 

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