Labour Business members overwhelmingly reject ‘No Deal’ Brexit, seek close alignment with extended 2-year transition period
As a follow up to our previous all-member survey on the economic impact of Coronavirus, in early April, we’ve just completed another all-member survey on how the pandemic has influenced views on a Brexit extension. The survey was conducted between 16 and 19 May. The results have been shared with the Leadership. In brief , our members believe the Government should apply for the longest possible extension (2 years) to the transition period to allow time to achieve the best possible deal for the country and allow time for businesses to adapt for the new trading relationship with their biggest market outside the UK. ... >>
Put first things first. Let Brexit take a back seat during the Covid-19 crisis
Labour Business Chair Hamish Sandison makes the health case for extending the Brexit transition, arguing that while there’s a strong economic argument for a Brexit delay, there is an even stronger health argument – not to stop Brexit but to concentrate on tackling the virus first.... >>
COVID19 – Treating the self-employed with respect
A package of measures has been offered to the self-employed with the offer of grants of up-to £2,500 being offered. (Also, there has been agreed delay in the payment of VAT, which should help many companies with their cash-flow). This is in-line with what is being offered to companies to furlough their employees. However, there has been a slight difference in presentation of this offer. Employers are being offered sums to pay their employees to safe guard jobs.... >>
Forget loan schemes. The state must take equity stakes to avoid bailouts
Paul Hendrick Labour Business Treasurer This article first appeared on LabourList, and can be found here. Much of the framework of support for business during the coronavirus pandemic has focused on a variety of loan schemes – principal amongst these... >>
Home-based businesses and current schemes: a member’s experience
Hakeem Duckworth-Porter, founder of HDP Consulting, and a Labour Business member, was interviewed on BBC Money Box on Saturday. He spoke about issues facing online/home-based businesses and start-ups like his, particularly those ineligible for the Small Business Grant and/or the... >>
Enter Labour Digital Competition
Technological advances have for years been changing the way that we work and do business. This crisis has accelerated the change in working practice and so offers opportunities and threats to business and workers. Labour Digital aims to make real... >>
A case study : Fertility clinics response to Coronavirus
By Praful Nargund Labour Business Member, CEO, CREATE Fertility and abc ivf We run fertility clinics across the UK and in Denmark, having pioneered IVF treatment that is more natural, safe and affordable. When I wrote last time, our sectors had... >>
Coronavirus impact on the self-employed : a summary
The Corona Virus has had a huge impact on the global economy. There are 5 million self-employed in the UK who will need both income and business support. They provide skills across all industries and sectors in the UK, contributing £305 Billion to the UK economy last year. Several sectors are affected more than others, contractors in the arts and working in events felt the effects almost immediately. Tourism, construction and those selling goods came next. 2 million Limited companies – from publicans to plumbers to dentists, some of our most vibrant businesses and important employers have been forced to close, uncertain as to what comes next.... >>
The issue of what we are covered for under insurance policies is not over. We need to know if we are covered if we are forced to close again if owners, operators or staff have to isolate. We need to know before we open @darrenpjones @LucyMPowell @Labour_Business @Ed_Miliband https://twitter.com/BIIandBIIAB/status/1267497553614065665
Update on FCA test case of the validity of business interruption claims https://www.fca.org.uk/news/press-releases/update-fca-test-case-validity-business-interruption-claims
Great to join the @Labour_Business team to chat about the future of the British economy. You can watch it 👇 (Sorry I held my 'phone the wrong way around!). https://labourbusiness.org/darren-jones-on-the-future-of-the-economy/