Changes to furlough scheme from 1 July 2021

Changes to furlough scheme from 1 July 2021

The Coronavirus Job Retention Scheme (CJRS) commonly known as the furlough scheme is open to all UK employers to access support to continue paying part of their employees’ salary for employees that would otherwise have been laid off during this crisis. The end...
Resilience

Resilience

One of the lessons we should take away from the COVID experience – in a business context – is the ability to recover quickly from unexpected challenges. Firms in the hospitality and entertainment sectors are excused as they have had no power to act in...
Boost to UK tourism

Boost to UK tourism

In a boost to UK tourism, the government has launched a new Tourism Recovery Plan to help the sector bounce back from the pandemic. The plan is to recover domestic tourism to pre-pandemic levels by the end of 2022 and international visitor numbers and spend by the end...
Temporary trade credit insurance scheme to end

Temporary trade credit insurance scheme to end

Trade credit insurance is a contract bought by suppliers to make sure they get paid even if their customers default and cannot pay the bills. This gives businesses the confidence to trade with one another. Early in the pandemic, the government introduced a temporary...
No time for head in the sand tactics

No time for head in the sand tactics

Companies that are still claiming the Coronavirus Job Retention Scheme grants, now known as the furlough scheme, will have hard choices to make come the end of September when the present scheme ends. Unless business activity picks up between now and September a...