The annual sales event won’t now happen until Oct. 5 at the earliest, but it could be delayed further.
Monthly Archives: July 2020
Hot Business News Today
Elon Musk Started Selling Red Satin Shorts to Celebrate Tesla's Stock Climbing, And It Crashed the Website
by Isobel Asher Hamilton • • 0 Comments
Hot Business News Today
ESPN's Jay Williams Raw and Unfiltered: 'I Should Have Lost My Job Multiple Times'
by Dan Bova • • 0 Comments
On this episode of ‘Get a Real Job,’ a powerful talk with Jay Williams about battling back from his darkest hour.
Hot Business News Today
Why Now Is the Right Time to Team Up With a New Advisor
by Rudina Seseri • • 0 Comments
Whether you are in search of a single advisor or building an advisory board, different professionals can strategically elevate your business. Right now just might be the time to find them.
Hot Business News Today
Why Strong Leadership Skills Are More Important Now Than Ever
by Arthur Langer • • 0 Comments
Whether you’re managing a team of 15 or 1,500, the crisis has stretched the bounds of our workplaces and demanded that every professional think outside the box.
Hot Business News Today
SBA and Treasury Release Names of PPP Loan Recipients
by Kenny Herzog • • 0 Comments
After months of calls for more transparency, information is made public about the nearly five million businesses that have benefited from the Paycheck Protection Program. Though questions will remain.
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Rishi Sunak gives small businesses £1000 grants for young trainees
by Timothy Adler • • 0 Comments
Originally written by Timothy Adler on Small Business
Rishi Sunak will give small businesses £1000 grants per trainee if they take on young people for training schemes.
The scheme, which will be announced this Wednesday as part of the chancellor’s economic statement, will tens of thousands of young people a lifebelt against the coming tsunami of post Covid-19 unemployment.
The Bank of England has predicted that unemployment will rise to 10 per cent this year, as employees are weaned off the Coronavirus Job Retention Scheme from August.
>See also: IR35 freelance tax changes will go ahead in April 2021 – are you ready?
Small businesses that offer training for young people aged between 16 and 24 will be given cash “bonuses” of grants worth £1000 per youth up to a maximum of £10,000 per firm.
This unpaid on-the-job training is seen as a gateway to an apprenticeship and, ultimately, full-time work.
The £111m scheme is the first-time small businesses will receive direct government subsidies for taking on trainees.
A Treasury spokesman said businesses would get a £1,000 bonus payment “for every trainee they offer a work experience placement to”, and employers who were “new to providing trainees with work experience will also be eligible for the payment”.
The chancellor
Hot Business News Today
Where to apply for your coronavirus arts grant
by Timothy Adler • • 0 Comments
Originally written by Timothy Adler on Small Business
Arts Council England, Historic England, National Lottery Heritage Fund and British Film Institute are among the arts organisations tasked with assessing applications for the £880m worth of performing arts grant ring-fenced in the government’s £1.6bn coronavirus arts rescue package.
The rescue scheme will begin assessing coronavirus arts grant applications this month, and this page will be updated as information feeds through.
The £1.6bn arts rescue package, secured by culture secretary Oliver Dowden after weeks of studying the problems facing the arts sector, includes £880m of grants for the financial year to April 2021.
>See also: How to get the government’s £10,000 cash grant for small businesses
The £880m worth of grant money will be shared between theatres, music venues, heritage sites, museums, galleries and independent loans, will be supplemented by £270m worth of repayable loans.
In addition to the £880m worth of grants and £270m of repayable loans, other measures announced today for struggling arts organisations were:
£100m of targeted support for the national cultural institutions in England and the English Heritage Trust
£120m of capital investment to restart construction on cultural infrastructure and for heritage construction projects in England that were paused due to the coronavirus pandemic
An extra £188m
Hot Business News Today
Sunak decides whether to subsidise small businesses hiring young people
by Timothy Adler • • 0 Comments
Originally written by Timothy Adler on Small Business
Rishi Sunak, the chancellor, is deciding whether to subsidise small businesses giving young people aged below 25 full-time jobs.
Such a scheme, which could be announced next week when the chancellor unveils his plans to get the UK economy moving again, would be similar to the future jobs fund which ran between 2009 and 2010.
The commitment to subsidise young people working for small businesses would be part of an “opportunity guarantee” to ensure that every young person has a chance of an apprenticeship or an in-work placement.
>See also: How to reopen your restaurant, pub or hotel post-lockdown
Young people aged below 25 are the most vulnerable when it comes to the jobs market post pandemic, with the Bank of England estimating 9 per cent unemployment as the country struggles back onto its feet. According to a Be the Business survey published this week, businesses expect to lay off 11 per cent of already furloughed workers, while a quarter have already had to make redundancies.
Although the future jobs fund cost the Treasury £720m when it ran in 2009-10, the Exchequer recouped half its cost through taxes. Yet then prime minister David Cameron axed the scheme, saying
Hot Business News Today
Rishi Sunak gives small businesses £1000 grants for young trainees
by Timothy Adler • • 0 Comments
Originally written by Timothy Adler on Small Business
Rishi Sunak will give small businesses £1000 grants per trainee if they take on young people for training schemes.
The scheme, which will be announced this Wednesday as part of the chancellor’s economic statement, will tens of thousands of young people a lifebelt against the coming tsunami of post Covid-19 unemployment.
The Bank of England has predicted that unemployment will rise to 10 per cent this year, as employees are weaned off the Coronavirus Job Retention Scheme from August.
>See also: IR35 freelance tax changes will go ahead in April 2021 – are you ready?
Small businesses that offer training for young people aged between 16 and 24 will be given cash “bonuses” of grants worth £1000 per youth up to a maximum of £10,000 per firm.
This unpaid on-the-job training is seen as a gateway to an apprenticeship and, ultimately, full-time work.
The £111m scheme is the first-time small businesses will receive direct government subsidies for taking on trainees.
A Treasury spokesman said businesses would get a £1,000 bonus payment “for every trainee they offer a work experience placement to”, and employers who were “new to providing trainees with work experience will also be eligible for the payment”.
The chancellor