The ‘Plan to Rebuild’ and Furlough changes…

We now have a clearer idea of the guidelines for the next few weeks of Lockdown, with some businesses not only allowed to reopen but being encouraged to do so, and the hope of further relaxations in regulations on the 1st June and 4th July.

There has been huge media comment on the announcements made by Boris Johnson on Sunday evening, and added to yesterday in Parliament. I’m not going to list the new requirements here, as you can all see them online and have probably already been looking at how they affect your business.

What I have found though is a copy of the full 50-page plan on which the reports have been based, which I thought may be helpful. You can see that here.

There is also Government guidance on how to work safely, which is broken into eight different guides. You can see that here.

THE CORONAVIRUS JOB RETENTION SCHEME

With the Government funding 80% of the salaries of a quarter of the workforce, it was unlikely that the Furlough scheme would remain unaltered for too long. When Rishi Sunak commented last week that it was unsustainable to be funding the scheme to the same monthly level as the NHS that become even more apparent!

The Chancellor will today outline how he will be changing the scheme. 

It’s likely that there will be key industries that will be able to claim for longer than others, for example hospitality, where the entire industry is still unable to operate.

We’re hoping that there may be an opportunity to bring people back part-time, to enable businesses to start to trade at a lower level while it’s customers are still wary of travel, or they work out the practicalities of a new ‘pivot’ in their processes.

Whatever Rishi outlines later on, we’ll bring you the update as soon as we have had a chance to review and consider the implications.

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