Business Secretary urges SMEs to prepare for the end of the transition period –

Businesses need to take action now to prepare for the UK’s new start on 1 January 2021, says Business Secretary Alok Sharma in a letter to over 600,000 firms across the UK.
  • With just 81 days to go until the end of the transition period, Business Secretary calls on companies to take action now to prepare
  • Government to host range of webinars to help businesses get ready for the UK’s new start
  • Sector-specific webinars will cover areas such as visas, work permits, and tariffs

In his letter, the Business Secretary calls on businesses to familiarise themselves with the actions they will need to take, by visiting gov.uk/transition and using the checker tool. When the transition period ends on 31 December 2020, there will be a guaranteed set of changes and opportunities for which businesses need to prepare as the UK leaves the customs union and single market, including changes to

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Warren Buffett phoned Treasury Secretary Hank Paulson with a stimulus idea when the financial crisis erupted. It may have saved the US economy

U.S. Treasury Secretary Henry Paulson (L) shares a laugh with financier Warren Buffett, Chairman and CEO of Berkshire Hathaway, at the Conference on U.S. Capital Market Competitiveness in Washington March 13, 2007.

  • Warren Buffett phoned Treasury Secretary Hank Paulson at the height of the 2008 financial crisis with a suggestion that likely saved the US economy from an even deeper recession.
  • The famed investor and Berkshire Hathaway CEO proposed the government plow capital directly into banks instead of only buying their distressed assets.
  • Paulson quickly gathered the bosses of the nation’s biggest banks and convinced them to accept billions of dollars in investment.
  • The Treasury demanded preferred stock paying chunky dividends, as well as stock warrants in return, emulating Buffett’s bailout of Goldman Sachs in September 2008.
  • Former President George W. Bush called it “probably the greatest financial bailout ever” and said it “probably saved a depression.”
  • Visit
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