UK Global Tariff backs UK businesses and consumers

The Government has announced the UK’s new MFN tariff regime, the UK Global Tariff (UKGT). Published 19 May 2020From:Department for International Trade, HM Treasury, and The Rt Hon Elizabeth Truss MP The Government has this morning (19 May) announced the UK’s new MFN tariff regime, the UK Global Tariff (UKGT). This will replace the EU’s Common External Tariff […]

BCC Coronavirus Business Impact Tracker: Firms ready to embrace ‘new normal’ but government support must adapt

Results from the latest BCC Coronavirus Business Impact Tracker reveal that firms are ready for a gradual reopening of the economy but will need continued, adaptable government support during a phased return to work – Over 70 per cent of respondents have furloughed a portion of their staff – Nearly three quarters of these firms have submitted a claim to the […]

Taipei Times – World Business Quick Take

OFFICE SHARING Neumann sues Softbank WeWork cofounder Adam Neumann sued Softbank Group Corp, its biggest investor, over the Japanese company’s decision to scuttle a US$3 billion deal to buy stock from employees and other shareholders, which was part of an effort to bail out the struggling workplace provider. Neumann, who was set to reap the […]

EY – How can your industry respond at the speed of COVID-19’s impact?

By: Shaun Crawford , EY Global Vice Chair – Industry Our regularly updated perspective on the pandemic’s impact across nine industries, actions leaders should take and questions to push your thinking. The global spread of COVID-19 is impacting all industries in all directions. While headlines surround customer uncertainty and the visible disruption of production and […]

BCC Coronavirus Business Impact Tracker: More than 70 per cent of firms surveyed have furloughed staff as scheme goes live

Results from the latest BCC Coronavirus Business Impact Tracker reveal that the vast majority of businesses surveyed have furloughed a proportion of their workforce, and are awaiting funds from the Coronavirus Job Retention Scheme as payday approaches for many. 71 per cent of survey respondents have furloughed staff, up from 66 per cent last week Cash flow remains a significant concern for many businesses – 6 in 10 have less than three months’ cash in reserve The leading business organisation’s weekly […]

“This is a time to be bold”: BCC sets out principles for safe restart of UK economy

British Chambers of Commerce President, Baroness Ruby McGregor-Smith, has written an open letter to the Prime Minister setting out principles for a phased restart of the UK economy. The leading business group set out its integrated approach, the first step in a three-stage process,as the government prepares to ease initial lockdown restrictions. The letter reads: “The fight against the virus must remain the top priority, but the planning and communication of […]

Ministry reports 12.9% increase in tax revenue

By Crystal Hsu / Taipei Times Staff reporter The Ministry of Finance yesterday said that it collected NT$19.3 billion (US$640.77 million) in tax revenue last month, representing a 12.9 percent increase from a year earlier, on the back of gains from most tax categories. Despite the improvement, Department of Statistics Deputy Director-General Chen Yu-feng (陳玉豐) […]

Taiwan Business Quick Take

EQUITIES Volatility spooks market The TAIEX yesterday closed lower as investors remained concerned over further volatility on global markets as COVID-19 continues to spread. Large-cap technology shares were in the doldrums throughout the session, while selling in the petrochemical sector added downward pressure, despite an agreement reached by oil producers to cut output to bolster […]

COVID-19 Updates

Useful Links (UK): British Chambers of Commerce (UK) –  Coronavirus Hub Confederation of British Industry – Coronavirus Hub Coronavirus (COVID-19): UK government response Coronavirus (COVID-19): guidance for UK businesses A full list of Government supports for UK businesses UK Government: Sign up for email alerts on COVID-19   Response to Coronavirus (Covid-19) from Bank of England Coronavirus newsletter from […]