Weekly Digest – 2 February 2022
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward.
UK to Offer COVID-19 Vaccinations to Vulnerable Children 5 to 11 Years Old
Britain will start offering vaccinations to children aged between 5 and 11 who are most at risk from COVID-19. This is in line with advice issued by the Joint Committee on Vaccine and Immunisation (JCVI).
Updated Travel Rules
The government has announced further relaxation of travel restrictions for fully vaccinated individuals arriving in the UK.
Fully vaccinated travellers who arrive in the UK after 4:00 am on 11 February must complete the public health passenger locator form within 48 hours before travel. This means they are no longer required to show a negative COVID-19 test result on arrival, self-isolate upon arrival, and take a PCR or lateral flow test.
On the other hand, unvaccinated travellers must:
- present a negative COVID-19 test taken no more than 48 hours prior to departure
- complete the public health passenger locator form within 48 hours prior to travel
- book and pay for two mandated COVID-19 tests to be taken on or before day two and on or after day eight of arrival.
They will no longer have to quarantine upon arrival unless the COVID-19 PCR test is positive. If the result is positive, they must self-isolate for 10 full days. This can be reduced at the start of day 6 if the day 5 and day 6 tests are both negative and taken 24 hours apart.
£50 Million of Government Investment for Creative Businesses
The government will be providing a £50 million boost for creative industries businesses to help drive economic growth.
The investment includes £21 million to help build on the international success of the UK film industry through a three-year UK Global Screen Fund, while £8 million will help start-up gaming businesses grow their operations.
The Creative Scale Up Programme, which provides finance and business support to firms in the creative industries, will also be expanded with more than £18 million of new funding.
Levelling Up Plan Unveiled
The government set out plans to shift power and wealth to the left-behind regions on Wednesday. The Levelling Up Plan includes investing in public transport, education, digital connectivity and R&D in poorer regions, mostly in central and northern England by 2030. It also said more regions will get elected mayors with substantial powers, and dilapidated industrial sites will be the focus for major regeneration projects.
Nearly 50% of Businesses Considering Hiking Prices
The latest business barometer from Lloyds Bank showed business confidence took a marginal dip in January, down one point to 39%, but still remained above the long-term average of 28%. This reflected a slight decline in trading prospects, down 2 points to 41%, and economic optimism, which dipped one point to 38%.
Price expectations reached a new high, with 49% of firms surveyed looking to raise prices due to increased costs.
Over £700 Million New Grant Fund for Businesses Impacted by Omicron
Businesses in England most impacted by the Omicron variant will be able to tap into a new £700 million support package in the coming weeks.
Firms in the hospitality, leisure and accommodation sectors will be able to apply for one-off grants of up to £6,000 per premises depending on rateable value:
- businesses with a rateable value of £51,000 or above: £6,000
- businesses with a rateable value between £15,000 and £51,000: £4,000
- businesses with a rateable value of £15,000 or below: £2,667
In addition, more than £100 million worth of discretionary funding is also being made available for local authorities to support other businesses.
£1 Billion Support for UK Businesses Impacted by Omicron
The government is providing one-off grants of up to £6,000 per premises for businesses in the hospitality and leisure sectors in England. More than £100 million discretionary funding will be made available for local authorities to support other businesses.
The government will also cover the cost of Statutory Sick Pay for Covid-related absences for small and medium-sized employers across the UK. To enable more cultural organisations to apply for support during the winter, further funding amounting to £30 million will be made available through the Culture Recovery Fund.
Deadline Extension for Non-Domestic Renewable Heat Scheme
The Department for Business, Energy and Industrial Strategy confirmed that it is proposing a 12-month extension to the non-domestic RHI’s application deadline, moving the date from 31 March 2022 to 31 March 2023.
Also set to be extended are the second and third allocations of the scheme’s tariff guarantee, which will allow organisations to secure a fixed tariff before their installation is commissioned and accredited.
New Laws and Code of Practice to Resolve Commercial Rent Debts
From 25 March 2022, new laws introduced in the Commercial Rent (Coronavirus) Bill, will establish a legally-binding arbitration process for commercial landlords and tenants who have not yet reached an agreement, following the principles in the Code of Practice.
The new laws will be implemented in England and Wales, and Northern Ireland will have the power to introduce similar legislation. The Commercial Rent Bill will apply to commercial rent debts related to the mandated closure of certain businesses such as pubs, gyms and restaurants during the pandemic.
Cold Weather Payment Scheme
From 1 November 2021, households have become eligible for the Cold Weather Payment scheme which involves a weekly reduction on their energy bills.
You can receive this payment if the average temperature in your area is recorded as, or forecast to be, zero degrees celsius or below over seven consecutive days. Eligible individuals will get £25 for each seven-day period of very cold weather between 1 November 1 and 31 March 2022.
£500 Million Plan for Jobs Expansion
Workers leaving the furlough scheme and unemployed individuals over 50 years old will be supported back into work as part of more than £500m expansion of the government’s Plan for Jobs. People earning the lowest wages will also benefit and existing schemes targeting young people will be extended into next year as part of the new package.
Starting in April 2022, the Government is enhancing its programme of support for workers on Universal Credit.
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