Smaller businesses could access new Government-backed 'Bounce Back' loans of up to £50,000 “within days”, according to Chancellor Rishi Sunak.
The HMRC online portal allowing businesses to register employees for Government’s Coronavirus Job Retention Scheme (CRJS) is set to feel the strain when applications flood-in following its launch today (April 20).
One in two UK car retailers fear they will be forced to make redundancies before the end of 2020 as a result of the impact of the COVID-19 coronavirus outbreak.
Chancellor Rishi Sunak has written to Simon Bailes Peugeot to praise the car retailer from its support of the NHS during the COVID-19 coronavirus outbreak.
Rising unemployment could hamper retail business’s ability to recover from the COVID-19 coronavirus lockdown as the prospect of longer-term disruption threatens to leave the UK economy “scarred”.
The Finance and Leasing Association (FLA) wants Government and the Bank of England (BoE) to take urgent action to support the non-bank lending market durin the ongoing COVID-19 coronavirus lockdown.
The Independent Motor Dealers Association (IMDA) has celebrated the inclusion of regular commission payments in the calculation of their income in revisions to the Government’s Job Retention Scheme.
Car retail groups with revenues of up to £500 million are now eligible to apply for funding from the Government's Coronavirus Business Interruption Loans (CBIL) scheme in a bid to drive support during the COVID-19 lockdown.
MoT centres could be transformed into COVID-19 coronavirus test facilities to help meet Government’s aim to ramp-up its diagnosis of the virus, it has been claimed.
A petition arguing that commission payments from car sales should be included in the Government’s Coronavirus Job Retention Scheme wage calculations has attracted almost 8,000 signatures in less than two days.
With the UK government considering whether to bring forward a ban on the sale of petrol, diesel and hybrid cars to 2032, Ana Ramirez Aguirrezabala, international head of auto at market research company Simpson Carpenter, argues that the UK’s political leaders need to do more to persuade consumers to give electric vehicles (EV) a try.
Car retail staff will be among the UK employees whose commission-led monthly salaries will be detrimental to their income as “furloughed workers” as part of the Government’s Coronavirus Job Retention Scheme.
Companies House has announced a three-month extension to the to the year-end accounts filing deadline in response to the impact of COVID-19 coronavirus.
Cars, motorcycles and vans will all be subject to a temporary six-month MoT exemption in an effort to maintain essential travel during the COVID-19 coronavirus outbreak, the Department for Transport (DfT) has announced.
The National Franchised Dealers Association (NFDA) has called for a three-month MOT moratorium during the Government-imposed lock-down of non-essential retail businesses.
Coronavirus-prompted car dealership closures resulting from Prime Minister Boris Johnson’s lock-down of non-essential retail businesses will see ‘80% of car dealership employees’ placed on Government salary support.
Several franchised dealer groups had announced on Monday the temporary closures of their car showrooms just hours before Prime Minister Boris Johnson announced a lockdown of all non-essential workers and businesses tonight.
Government will only reimburse up to 80% of the monthly wage of car dealership employees if their jobs have been put “at risk” by the current COVID-19 coronavirus outbreak.
The Finance and Leasing Association’s (FLA) head of motor finance has said that every effort should be made to keep motorists “in their cars” as coronavirus inhibits some consumers’ ability to make repayments.
While Jaguar Land Rover (JLR) is still producing cars in the UK (for now), the rest of the UK mass auto industry has effectively shut down, as the devastating economic effects of coronavirus unfold across Europe, disrupting supply chains and dramatically reducing demand.
