BREAKING NEWS: Furlough Scheme extended by four months Key Contact: Christian Farrow Author: Chris Doherty This afternoon, the Chancellor of the Exchequer Rishi Sunak confirmed that the Coronavirus Job Retention (“Furlough”) Scheme will be extended to October. Employees unable to work due to the impact of the Coronavirus outbreak will continue to receive 80% of their monthly...Read More
Managing grievances and disciplinary procedures in light of the Coronavirus pandemic Key Contact – Claire Knowles Author – Adam McGlynn The Coronavirus pandemic has caused widespread disruption to businesses across the nation. Many have had to drastically re-evaluate priorities in order to deal with more pressing concerns and ensure their survival. However, disciplinary and grievance procedures are...Read More
Applications for the Bounce Back Loan Scheme open today Key Contact: Christian Farrow Author: Elena Visser The Bounce Back Loan Scheme (BBLS) opens today to help small and medium-sized businesses borrow between £2,000 and £50,000. The government will guarantee 100% of the loan and there will not be any interest on the loans for the first 12...Read More
Rishi Sunak has unveiled 100% state-backed loans for small firms Key Contact: Christian Farrow Author: Elena Visser The Bounce Back Loan scheme has been unveiled to help small and medium sized businesses to borrow between £2,000 and £50,000. The government will guarantee 100% of the loan and there will not be any fees or interest to pay...Read More
Cost Savings Following Furlough – The Importance of Planning Ahead Key Contact – Claire Knowles Author – Mark Alaszewski The Coronavirus Job Retention Scheme (the Scheme) has dominated employment law discourse over the past few weeks and has now both launched and been extended. The Scheme provides temporary support for businesses, lasting from 1 March until 30...Read More
Treasury considers 100% guarantee on ‘micro-firm’ loans Key Contact: Christian Farrow Author: Elena Visser It has been reported that Rishi Sunak is preparing to offer 100% guarantees on loans up to £25,000 for the UK’s smallest firms after sustained pressure from Conservative MPs and the Bank of England. It is not clear yet how the Treasury will...Read More
New Measures to protect UK high street from aggressive rent collection and closure. Key Contact: Christian Farrow Author: Elena Visser The government has announced new measures to safeguard the UK high street against aggressive debt recovery actions. Statutory demands and winding up petitions issued to commercial tenants are to be temporarily voided and changes made to the...Read More
HMRC launches online portal for the Coronavirus Job Retention Scheme Key Contact – Claire Knowles Author – Adam Mcglynn The long-awaited day is here. As of 20 April employers are able to access funds from the Coronavirus Job Retention Scheme (the Scheme) to reimburse wage costs for employees placed on furlough leave. Accompanying the launch has been...Read More
Holidaying at Home – Confirmation of annual leave treatment under the Job Retention Scheme Key Contact – Claire Knowles Author – Rebecca Mahon We reported towards the end of the day on Friday that the Coronavirus Job Retention Scheme, or “furlough” scheme, would be extended to 30th June 2020. Just as we thought there would be no...Read More
COVID-19 SUPPORT: Daily Update – Monday 20 April 2020 Key Contact: Christian Farrow Author: Elena Visser A new £1.25 billion package has been revealed today to help support start-ups in the UK The government has revealed today that it will invest in some of the most innovative start-ups to help them survive in a scheme that will...Read More
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