Government to support businesses through Trade Credit Insurance guarantee

Businesses with supply chains which rely on Trade Credit Insurance and who are experiencing difficulties maintaining cover due to Coronavirus will get support from the government, the Economic Secretary to the Treasury, John Glen has announced.

Trade Credit Insurance provides cover to hundreds of thousands of business to business transactions, particularly in non-service sectors, such as manufacturing and construction. It insures suppliers selling goods against the company they are selling to defaulting on payment, giving businesses the confidence to trade with one another. But due to Coronavirus and businesses struggling to pay bills, they risk having credit insurance withdrawn, or premiums increasing to unaffordable levels.

To prevent this from happening, the government will temporarily guarantee business-to-business transactions currently supported by Trade Credit Insurance, ensuring the majority of insurance coverage will be maintained across the market. This will support supply chains and help businesses to trade with confidence as they can trust that they will be protected if a customer defaults on payment.

Read more: Government to support businesses through Trade Credit Insurance guarantee

Liz Truss kick-starts trade negotiations with Japan  

The UK  has  today (Wednesday 13 May) published  its negotiating objectives for a free trade agreement with Japan, with talks beginning shortly.

The agreement will be based on the existing EU-Japan free trade agreement and will aim to secure additional benefits for UK businesses trading with Japan.

Read more: Liz Truss kick-starts trade negotiations with Japan  

Chancellor extends furlough scheme until October

The government’s Coronavirus Job Retention Scheme will remain open until the end of October, the Chancellor announced today (Tuesday 12 May 2020).

  • Coronavirus Job Retention Scheme will continue until end of October;
  • furloughed workers across UK will continue to receive 80% of their current salary, up to £2,500;
  • new flexibility will be introduced from August to get employees back to work and boost economy

Read more: Chancellor extends furlough scheme until October

Coronavirus (COVID-19) Businesses and Employers Bulletin – 12 May 2020

Contents:

  • Chancellor extends furlough scheme until October 2020;
  • New guidance for Safer Travel and Safer Transport Operations;
  • Next steps for the phased wider opening of educational and childcare settings;
  • New Updates and Guidance;
  • Requests for Business Intelligence and Assistance.

Read more: Coronavirus (COVID-19) Businesses and Employers Bulletin – 12 May 2020

Business Secretary’s statement on coronavirus (COVID-19): 12 May 2020

Business Secretary Alok Sharma gave the 12 May 2020 daily press briefing on the government’s response to the COVID-19 pandemic.

Read more: Business Secretary’s statement on coronavirus (COVID-19): 12 May 2020

Working safely during coronavirus (COVID-19)

Guidance to help employers, employees and the self-employed understand how to work safely during the coronavirus pandemic.

The government, in consultation with industry, has produced guidance to help ensure workplaces are as safe as possible.

These 8 guides cover a range of different types of work. Many businesses operate more than one type of workplace, such as an office, factory and fleet of vehicles. You may need to use more than one of these guides as you think through what you need to do to keep people safe.

Read more: Working safely during coronavirus (COVID-19)

The UK Government’s COVID-19 recovery strategy

Contents:
Foreword from the Prime Minister
1. The current situation
Phase one
Moving to the next phase
The challenges ahead
2. Our aims: saving lives; saving livelihoods
Health effect
Economic effect
Social effect
Feasibility
Overarching principles
3. Our approach: a phased recovery 
Phase two: smarter controls
Regular steps of adjustments to current measures
“COVID-19 Secure” guidelines
Protecting the most clinically vulnerable people
A more differentiated approach to risk
Reactive measures
Phase three: reliable treatment
4. Our roadmap to lift restrictions step-by-step
Step One
Work
Schools
Travel
Face-coverings
Public spaces
Protecting the clinically vulnerable
Enforcement
Parliament
International travel
Step Two
Social and family contact
Step Three
5. Fourteen supporting programmes
1. NHS and care capacity and operating model
2. Protecting care homes
3. Smarter shielding of the most vulnerable
4. More effective, risk-based targeting of protection measures
5. Accurate disease monitoring and reactive measures
Joint Biosecurity Centre (JBC)
6. Testing and tracing
7. Increased scientific understanding
8. “COVID-19 Secure” guidelines
9. Better distancing measures
10. Economic and social support to maintain livelihoods and restore the economy
11. Treatments and vaccines
12. International action and awareness
13. Public communication, understanding and enforcement
14. Sustainable government structures
6. How you can help
A collective effort
Lending a hand
Annex A: Staying safe outside your home
Annex B: Summary table: COVID-19 vulnerable groups

Read more: The UK Government’s COVID-19 recovery strategy 11052020

Coronavirus (COVID-19) Businesses and Employers Bulletin – 7 May 2020

This bulletin is issued by the Department for Business, Energy and Industrial Strategy and provides the latest information for employers and businesses on coronavirus (COVID-19). All coronavirus business support information can be found at gov.uk/business-support

  • Business rates revaluation postponed;
  • Webinar Recording: Financial support for small businesses during coronavirus;
  • New Updates and Guidance;
  • Requests for Business Intelligence and Assistance

Read more: Coronavirus (COVID-19) Businesses and Employers Bulletin – 7 May 2020

Climate Change Agreements (CCA) Newsletter 6 May 2020

In this newsletter:

  • CCA Extension Consultation: Webinar Event.

CCA Extension Consultation: Webinar Event

On 16 April, BEIS published the Climate Change Agreement (CCA) scheme consultation. The consultation will run for eight weeks until Thursday 11 June.

BEIS would welcome your feedback on the proposed changes to the CCA scheme. For more information on the consultation, please go to –

https://www.gov.uk/government/consultations/climate-change-agreements-scheme-extension-and-reforms-for-any-future-scheme

 To respond to the consultation, please go to –

https://beisgovuk.citizenspace.com/energy-efficiency/climate-change-agreements-extension/

 CCA consultation event

The Department for Business, Energy & Industrial Strategy and HM Treasury invite you to participate in a webinar event to discuss the proposed changes to the CCA scheme.

 This webinar event will take place on Wednesday 13 May 2020 at 2pm.

 The webinar will explain more about the consultation, the proposed design of the extension and will invite views on any longer-term scheme. It will be an opportunity to ask questions and give us feedback to ensure the CCA extension supports UK industry, while contributing to the Government’s wider climate ambitions.

The webinar will host up to 100 participants, with admission on a first come, first serve basis. If we have interest from over 100 people, a second webinar will be arranged. To book your place, please send an email to cca@beis.gov.uk

 In the subject line of the email, please state ‘CCA Webinar Event’ and in the body of the email, confirm which member of your organisation will be attending with their accompanying email address. The access details for the event will be circulated alongside confirmation of your booking. Participants will need access to the Microsoft Teams application.

For information on BEIS’s privacy policy, please visit – https://www.gov.uk/government/organisations/department-for-business-energy-and-industrial-strategy/about/personal-information-charter

Contact us

If you have any questions about the content in this newsletter, contact us at cca@beis.gov.uk

Joint Statement of UK International Trade Secretary Liz Truss and USTR Robert Lighthizer

Today, the International Trade Secretary Liz Truss and United States Trade Representative Robert Lighthizer announced the formal launch of trade agreement negotiations between the UK and the U.S.

Read more: Joint Statement of UK International Trade Secretary Liz Truss and USTR Robert Lighthizer