The Chancellor this afternoon announced changes to the Government’s furlough scheme, extending it in its current form until the end of July, with additional changes being made for August to October. As with previous announcements, today’s was lacking in solid details, and more information will follow in due course.
However, at this stage, the immediate action you as a business owner need to take is to send a letter to your furloughed staff extending their furlough leave until 31st July. Our TC HR department can provide you with this extension letter if you have signed up for our COVID-19 HR contract.In addition to the extension of the scheme in its current form, the Chancellor has made some further announcements that will come into effect from 1st August, all of which will require further clarification before you take any action. These are:
As previously mentioned, the furlough scheme has already changed multiple times and that will continue to happen as the Government has to adapt to the economic needs of the country. The furlough scheme is one of the UK’s main fiscal responses to COVID-19 and will become increasingly complex with each iteration particularly when combined with part-time workers and other return to work obligations that will soon be placed upon business owners. If you haven’t already we would encourage you to speak to our Head of HR Wendy McGarvey whose team of HR experts can support you with a discounted support package that will cover everything you need during this period including return-to-work advice and staff template letters that comply with the latest guidance.
Honorary Accountants to the Chamber.