Just been looking over some flash figures for tomorrow morning.
Borrowing by business customers has spiked, unsurprisingly and its over a week away from monthly payroll day - not a good sign.
Some PAYE BGC to HMRC went out Friday (due 19th) the run is usually 22nd but may be 23rd so some of these will hit accounts tomorrow. If we stop or return any payments it will be to the Govt as stopping payments to suppliers has supply implications.
Someone is doing a lot of calculations re the pay grants and I have seen emails out to some customers asking for payroll details so the potential grants can be assessed and facilities put in place to cover same. Problem is some business have come back to say GDPR doesn't allow them to do this! Stupid really as we have the details from their last payroll BACs run but it takes an age to log on to each account and access these so if a customer wants quick support they need to help us help them.
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