Images_Digital_Edition_April_2020

www.images-magazine.com APRIL 2020 images 25 Coronavirus update Industry and business news relating to the coronavirus outbreak Sick pay during the coronavirus outbreak Chancellor Rishi Sunak announced at the 2020 budget in March that statutory sick pay will be available to all individuals advised to self- isolate – with sick notes available by contacting NHS 111 – and that the government will provide £2 billion of sick-pay rebates for two weeks for UK businesses with fewer than 250 employees. Self-employed workers who are not eligible for sick pay will now be able to claim contributory Employment Support Allowance (ESA), which will be available from day one, rather than day eight. Lisa Townsend, a consultant solicitor in employment law at the national law firm Richard Nelson LLP, has additional advice for those concerned about sick pay rules in light of the coronavirus. imagesmag.uk/SickPay Postponed shows • The Drupa trade fair in Germany, scheduled for 16-26 June 2020, has been postponed until 20-30 April 2021. imagesmag.uk/Drupa • The Fespa Global Print Expo 2020 , due to take place from 24- 17 March 2020 in Madrid, Spain, has been postponed until 6-8 October 2020. imagesmag.uk/Fespa • Impressions Expo Atlantic City , due to take place from 19-21 March in Atlantic City, US, has been postponed until October. imagesmag.uk/Impressions • The Independent Print Industries Association (IPIA) and British Association for Print & Communication (BAPC) have postponed their joint spring conference, ‘Where do we go from here?’, until later in the year. imagesmag.uk/IPIA • Print & Stitch 2020 roadshows have been postponed until September 2020. imagesmag.uk/PrintStitch • Shirt Lab Women’s Nexus Chicago , US, scheduled for 6 June 2020, is postponed to a later, as yet unannounced, date. imagesmag.uk/ShirtLab • Sign & Digital UK 2020 , scheduled for 28-30 April 2020, at the NEC, has been suspended until March 2021. imagesmag.uk/SDUK • The Big Promotional Trade Show has revised its spring dates; all shows will now take place in June 2020. imagesmag.uk/BigPromo In brief: the measures adopted by UK banks to help businesses Lloyds Banking Group : £2 billion of arrangement fee-free finance available to support SMEs RBS Group : Natwest pledges £5 billion Working Capital Support for SMEs during coronavirus outbreak Barclays : 12-month capital repayment holidays on existing loans over £25k for SMEs TSB : Mortgage-repayment holidays offered to those customers affected by coronavirus HSBC : £5 billion allocated to help SMEs in need of support during the Covid-19 outbreak The Co-operative Bank : Relationship managers available to offer support to affected SMEs Santander : Relationship team on hand to offer practical and financial support to those affected For the latest news and details of the support that’s being offered by the UK banks to SME customers during the outbreak, go to: imagesmag.uk/Covid-19UKBanks Covid-19 classed as a ‘notifiable’ disease for insurance purposes On 5 March 2020, Covid-19 became classed as a ‘notifiable’ disease in England, a formal classification required by many insurance companies if they are to pay out to businesses that suffer losses during the outbreak. Companies should check their insurance policy to see if they will be covered if their business is disrupted by the coronavirus. A spokesperson for the Association of British Insurers (ABI) warned: “Standard business insurance policies are designed and priced to cover standard risks, not those that are very unlikely such as the effects of Covid-19.” imagesmag.uk/CoronaInsure www.gov.uk INDUSTRY ISSUE IS