Tag

coronavirus

Coronavirus Job Retention Scheme Update

Coronavirus Job Retention Scheme Update Key Contact: Claire Knowles Author: Mark Alaszewski  The Coronavirus Job Retention Scheme (‘CJRS’) is entering its final phases and thanks to Chancellor Rishi Sunak’s announcement on Friday we now have a better idea of what the scheme will look like until its withdrawal on 31st October 2020. 10 June 2020 – ‘Cut-Off’...
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Future Fund Opens for Applications

Future Fund Opens for Applications Key Contact: Phil Pugh Author: Chris Doherty Applications for the Future Fund, a £250 million fund to support innovative companies which are facing financing difficulties due to the coronavirus outbreak, have been open since Wednesday 20 May 2020. The Fund has already attracted significant interest, with reports that demand almost immediately surpassed...
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Government working on large business bailout plan

Government working on large business bailout plan Key Contact: Christian Farrow Author: Chris Doherty The Chancellor of the Exchequer Rishi Sunak is developing a bailout package to protect key British firms from going bust due to the COVID-19 outbreak. The so-called “Project Birch” will be targeted towards “viable businesses which have exhausted all options” whose collapse would...
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Borrowing limit to be increased for the Coronavirus Large Business Interruption Loan Scheme

Borrowing limit to be increased for the Coronavirus Large Business Interruption Loan Scheme Key Contact: Christian Farrow Author: Chris Doherty The Government has announced proposals to extend the Coronavirus Large Business Interruption Loan Scheme (CLBILS) by raising the borrowing limit. Currently, eligible businesses with turnover of more than £45 million per year can apply for up to...
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Requiring Furloughed Employees to Take Annual Leave

Requiring Furloughed Employees to Take Annual Leave Key Contact – Claire Knowles Author –  Adam McGlynn The government has published new guidance on the interaction between annual leave and the Coronavirus Job Retention Scheme (CJRS). This finally provides an answer to the much-debated question ‘ ‘Can an employer require its workers to use annual leave entitlement while...
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Furlough extended – again

Furlough extended – again Key Contact – Claire Knowles Author –  Rebecca Mahon At lunchtime today Rishi Sunak confirmed that the coronavirus job retention scheme (or “furlough” scheme) will be extended to the end of October. This announcement comes not much more than 24 hours after Boris Johnson announced that if you can’t work from home,...
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BREAKING NEWS: Furlough Scheme extended by four months

BREAKING NEWS: Furlough Scheme extended by four months Key Contact: Christian Farrow Author: Chris Doherty This afternoon, the Chancellor of the Exchequer Rishi Sunak confirmed that the Coronavirus Job Retention (“Furlough”) Scheme will be extended to October. Employees unable to work due to the impact of the Coronavirus outbreak will continue to receive 80% of their monthly...
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Managing grievances and disciplinary procedures in light of the Coronavirus pandemic

Managing grievances and disciplinary procedures in light of the Coronavirus pandemic Key Contact – Claire Knowles Author – Adam McGlynn The Coronavirus pandemic has caused widespread disruption to businesses across the nation. Many have had to drastically re-evaluate priorities in order to deal with more pressing concerns and ensure their survival. However, disciplinary and grievance procedures are...
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Applications for the Bounce Back Loan Scheme open today

Applications for the Bounce Back Loan Scheme open today Key Contact: Christian Farrow Author: Elena Visser The Bounce Back Loan Scheme (BBLS) opens today to help small and medium-sized businesses borrow between £2,000 and £50,000. The government will guarantee 100% of the loan and there will not be any interest on the loans for the first 12...
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Rishi Sunak has unveiled 100% state-backed loans for small firms

Rishi Sunak has unveiled 100% state-backed loans for small firms Key Contact: Christian Farrow Author: Elena Visser The Bounce Back Loan scheme has been unveiled to help small and medium sized businesses to borrow between £2,000 and £50,000. The government will guarantee 100% of the loan and there will not be any fees or interest to pay...
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