Further support needed for SMEs

Further support needed for SMEs

Against a backdrop of rising Covid infections and a reduction in government support, will SMEs be able to survive cashflow pressures and Covid debt burdens? Much needed help may be on the way as the CBI and financial services sector call for change.

Recap of CJRS changes

Recap of CJRS changes

Wayne Thomas, partner at Bates Weston recaps the imminent changes to CJRS and stresses the need to plan ahead.

Changes to furlough scheme

Changes to furlough scheme

Summary of the main changes planned for the furlough scheme, ahead of detailed guidance expected from the Government on 12 June

Employers to share costs of Coronavirus Job Retention Scheme and SEISS extended

Employers to share costs of Coronavirus Job Retention Scheme and SEISS extended

Changes to Coronavirus Job Retention Scheme. Flexible Furlough scheme introduced from 1 July, employers to gradually increase their contribution to wage costs beginning with NI and employer pension contribution costs and rising to 20% by October when the scheme will end. Self Employment Income Support Scheme extended, now ending in August, with a single payment of up to £6,570 to cover June, July and August.

Plans to reopen retail from 15 June

Plans to reopen retail from 15 June

Plans to reopen retail in a safe and secure manner providing the Government’s five key tests are met, retailers conduct risk assessments and comply with COVID-19 Secure guidelines for shops and branches.