March 2020

The Government has issued further detailed guidance regarding the Coronavirus Job Retention Scheme, the measure designed to support 80% of the cost of furloughed workers.  The full guidance can be found here and we strongly recommend that all our employer clients read it carefully and […]

This evening the Chancellor announced further measures in support of the self-employed during the Coronavirus crisis.  After the hype over the last few days, it may feel like an anti-climax for many, given the number of caveats applied.  Key points from his speech are as

Further information regarding the Government grant schemes (both Small Business Grant and Retail, Hospitality and Leisure Grant) has now been published and can be found here: https://www.gov.uk/government/publications/coronavirus-covid-19-guidance-on-business-support-grant-funding Key points to be aware of are: A business’ eligibility will be based on its registration with its

As of today, the Coronavirus Business Interruption Loan Scheme (“CBILS”) is now available to SMEs, being those with turnover of less than £45m.  Whilst the scheme is being managed by the British Business Bank, it is now apparent that businesses must approach banks directly to

The Government has published updated guidance for businesses https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses and employees https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-guidance-for-employees.  We would recommend that all clients take the time to read both of these and contact us if they have any further queries. The guidance has provided clarity on a number of points

At the end of an extraordinary week for British businesses, the Chancellor has announced another raft of unprecedented measures to support businesses and employees through the Coronavirus crisis. A summary of the announcements is as follows: Bars; restaurants; cafes; pubs; leisure centres; theatres; and cinemas

The Government has now updated its published guidance for yesterday’s announcements.  More detail can be found here: https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses In summary: Statutory Sick Pay is extended for small employers (fewer than 250 employees) so that it kicks in from the first day that employees are ill or

The Government has announced extraordinary new support for businesses and individuals needing financial assistance during the Coronavirus crisis, including: £330bn in accessible, government-backed loans available to all businesses.  For small businesses, facilities of up to £5m will be available, with no interest payable in the