As coronavirus lockdown restrictions ease, businesses across the country are faced with a period of reactivation and reimagination. What does the ‘new normal’ mean for your operations and workforce? In the articles below, our experts share their advice for rebuilding and succeeding in a significantly changed world.
Latest update - 11 November 2020
On Wednesday 5 November the Chancellor announced that the Coronavirus Job Retention Scheme (CJRS) has been extended to end of March 2021. The Coronavirus Job Retention Scheme Extension (CJRSE) was published on 10 November 2020. Claims can now be made under the CJRSE. The last day for claiming under the CJRS for periods from 1 August to 31 October is 30 November 2020. Find out more.
The Job Support Scheme, which was scheduled to start on Sunday 1st November and run until 30 April 2021, was initially postponed on 31 October until the Coronavirus Job Retention Scheme Extended end (then planned for 2 December). It is unknown whether the Job Support Scheme will be introduced for April 2021 following the end of the extended CJRS now on 31 March 2021.
The Job Retention Bonus (JRB) will not be paid in February 2021 and a retention incentive will be deployed at the appropriate time.
Many businesses have struggled to remain afloat as the reality of global shutdowns has bitten hard. We look at the impact on the bottom line – exploring everything from cash flow, losses, and tax obligations to debt deferments and preparing a business for sale.
