Relief as furlough scheme extends to October

Business groups have described their collective relief after the job retention scheme was extended until the end of October. Chancellor Rishi Sunak confirmed the Government will continue to pay the wages of workers on leave because of coronavirus. Employees who are...

Govt. clarifies guidance on returning to work

The Department for Business, Energy and Industrial Strategy has issued new guidance to help workers and employers return to work safely. Prime Minister Boris Johnson advised workers in the construction and manufacturing sectors in England to return to work on 13 May...

Businesses want clarity before returning to work

Business groups are calling on the Government to clarify a conditional plan to ease lockdown restrictions in England. Prime Minister Boris Johnson revealed a new COVID-19 alert system with five levels would dictate how quickly lockdown restrictions could be lifted. In...

UK economy ‘could shrink by 14%’ in 2020

The UK could be set for the deepest economic recession since records began, according to estimates by the Bank of England. The Bank published its quarterly monetary policy reporton 7 May 2020, in which it set out a "plausible illustrative scenario" to show the impact...

Most firms ready to restart within three weeks

The vast majority of businesses could restart their operations in three weeks or less if the UK lockdown is relaxed. In a survey by the British Chambers of Commerce (BCC), 29% of firms said they would need one to three weeks' notice to get up and running again, while...