The economy

Customers can submit by 28 February to avoid fines.

The proportion of borrowing £1,000 or more increased to 45%.

50,000 small firms close every year due to late payments.

Self-assessment taxpayers can spread payments over up to 12 months.

The loans are part of the £280bn support package.

Changes are set to take effect from April 2021.

HMRC said the decision is not a blanket waiving of penalties.

14% expect to reduce headcount in the next three months.

45% of self-assessment taxpayers yet to file.

Latest COVID-19 support 'misses the mark'.