COVID-19 NEWS BULLETIN UPDATE APRIL 14th 2020

Daily Press Briefing


Delivered by Chancellor Rishi Sunak. Chancellor was keen to state that the UK’s strategy
is not about choosing between people’s health and the health of the economy, as questions
were asked regarding the review of the restrictions. Latest slides from COBR on new
reported UK cases suggest that UK cases are plateauing, however, comment was that as
not everyone is being tested a full picture is not available. A question was posed by the
media as to why deaths in care homes are not published daily when deaths in hospitals
are. This is being worked on so that the daily data can include all death in the UK but there
are logistical difficulties to overcome. The furlough scheme should be available for firms
to apply for money “on or around 20th April” with Rishi Sunak commenting that the new
system is currently being tested before going live.

 

Daily Updates on the Markets

 

 

 


Fairly static day on the markets.


The Office for Budget Responsibility (OBR) have warned that the coronavirus pandemic
could see the economy shrink by up to 35% by June, should restrictions last for April, May
and June. However, it was also stated that it could be possible to get back to its pre-crisis
growth by the end of 2020.


We are receiving many enquiries as to how expenditure can be reduced to ease household
cashflow. Clients have found completing the below particularly helpful in planning and
looking ahead at what budgeting is needed. I am recommending that everyone reviews
their income now and completes the below for their individual situation as it stands
currently. Then imagine that the lockdown is extended and complete an additional
expenditure form with what other cuts could be made 4-6 weeks from now. For example,
consider what contracts are up for renewal, think television packages, mobiles and
broadband. Remember to consider that you expect to see reduced expenditure in some
areas, e.g. reduced fuel spend from limiting vehicle use or perhaps you have had a holiday
refunded. Consider all options and use the below as a guide to assist you. Once you have
completed the two different scenarios, do forward these to me and I will happily complete
an analysis and come back to you with any further cuts you may not have considered. I
hope this will assist you in your planning and provide reassure that there are ways of
making sensible cuts.


To assist you in this, we have highlighted the individual areas using a traffic light system;
green for essential spending, amber for those on the fence of being removed or reduced
and red for those costs you have suspended or for areas where immediate action is
required.

 

 

 

 


Should you have any concerns or questions, we are here for our clients and will happily
arrange a telephone or video call appointment to provide guidance, please either call our
practice mobile 07543 368 478 or email enquiries@money4dentists.com to arrange your
appointment.

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 Telephone: 0845 345 5060 or 0754 3368478

 

Email: info@money4dentists.com or use the online form.​ 

 

4dentists group 
51-52 Calthorpe Road
Edgbaston, Birmingham
West Midlands
B15 1TH

 

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