The Cashflow Cliff-Hanger
Wayne Thomas, partner at Bates Weston, looks at the cashflow pressures that are mounting for businesses.
Furlough Scheme extended until April 2021
Chancellor extends furlough scheme until the end of April 2021 and Covid-19 business loan schemes extended until the end of March.
Increases in self employed income support announced
Level of income support available to the self-employed through the third SEISS (Self Employment Income Support Scheme) grant increased to 55% and claim date brought forward to 30 November.
National lockdown measures from 5 November
An outline of the national lockdown measures announced by the Prime Minister on 31 October, including which businesses are to close and which can remain open.
Coronavirus Job Retention Scheme extended
The Coronavirus Job Retention Scheme has been extended and grants are available for businesses required to close due to local or national restrictions.