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The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.

1.6m UK firms supported by COVID-19 schemes

Majority of support has been provided through the bounce-back loan scheme.

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Sunak to unveil new mortgage scheme

Buyers will just need a 5% deposit on houses up to £600,000.

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Furlough numbers increase in January

4.7 million people furloughed on 31 January 2021.

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HMRC launches VAT deferral new payment scheme

Firms can pay equal consecutive monthly instalments from March 2021.

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Sunak expected to extend stamp duty holiday

The threshold has been temporarily increased to £500,000.

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