The Prime Minister, who of course has tested positive for the Coronavirus, has warned that things will get worse before they get better, but beyond that it seems that almost nothing is certain at all.
Nevertheless Whitmar Publications has done everything it can to try and lift the fog surrounding all the key announcements from governments in the UK and abroad.
A key thing to note is that in Britain it has been confirmed that all print production can remain open for business after IPIA and BAPC met with The Department for Business, Energy, and Industrial Strategy (BEIS).
The need to protect print seems obvious given that the UK’s print industry is the fifth largest in the world, with a turnover in the ballpark of £14 billion. The approximately 112,000 employees are spread across 8000 different companies, meaning that each company employs an average of 14 people.
But what specific options are available? Here are some key scheme you might have heard of. Click on any to find out more:
The Furlough Scheme
We’ve all heard that the Government is going to pay 80% of people’s wages, but what are the details?
CBILS
The Coronavirus Business Interruption Loan Scheme will temporarily provide financial support to SMEs
Bankruptcy Laws
Business secretary Alok Sharma announced changes to the UK’s bankruptcy laws
Corporate Financing Facility
The new Covid-19 Corporate Financing Facility (CCFF) means that the Bank of England will buy short-term debt from larger companies
International Responses
What are countries across the world are doing to mitigate the economic impact of the outbreak?
Other Changes
The larger government schemes are outlined above, but to learn about changes to annual leave, VAT, rents, Statutory Sick Pay and more, this is the place
