CA daily briefing: Wednesday 08 April
Your essential briefing of the morning's top news stories.
Good morning, Hilde Oesterkloeft here to give you today's news from ICAS and around the world.
The latest from ICAS
The Coronavirus Business Interruption Loan Scheme (CBILS) has been significantly expanded along with changes to the scheme’s features and eligibility criteria. The changes mean even more smaller businesses across the UK impacted by the coronavirus crisis can access funding.
This article looks at some key takeaways from the first Ask ICAS webinar which covered coronavirus employed and self-employed support. The webinar is now available to view on-demand.
Today's top stories from around the web
- Coronavirus: Tesco could take £925m hit on extra staff and delivery costs (City AM)
- Coronavirus: Job Retention Scheme to save jobs may cost up to £40bn (BBC News)
- Few UK firms successful in getting government funds - BCC survey (Reuters)
- Warning after worldwide debt reaches 322% of GDP (Sky News)
- UK job vacancies shrink for first time since 2009 as coronavirus hits employers (Reuters)
- Asos shares soar as retailer orders £200m equity raise (City AM)
- Fears of crisis in UK car finance market as owners seek payments help (The Guardian)
- Coronavirus: Tesco tells people to visit stores to get food (BBC News)
- EasyJet row worsens as founder threatens to sue airline's executives (Sky News)
- Bank of England backs COVID-19 pause in insurers' dividends (Reuters)
- Coronavirus: TSB, Lloyds, Barclays and HSBC offer interest-free overdrafts to help struggling customers (The Independent)
That's all for today. Check back tomorrow for your Thursday briefing.