Major UK business body calls for furlough scheme extension to July
The latest lockdown pushed Rishi Sunak to extend the furlough scheme until the end of April, with the government paying 80 per cent of hours not worked. Stefan Boscia More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comColin Kaepernick to publish book on abolishing the policethegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org A series of new cash grants have also been released by the Treasury, along with extensions to the VAT cut for hospitality and tourism businesses until the end of March. The chancellor has spent £280bn during the Covid crisis, which has taken the deficit to record levels. The UK’s hospitality businesses have been battered by a wave of lockdowns (Getty Images) Also Read: Major UK business body calls for furlough scheme extension to July The latest unemployment figures showed more than 800,000 people lost their job in 2020, with the jobless rate increasing by 1.2 per cent to 4.9 per cent in the year to last November. It comes as the BCC’s quarterly survey recently revealed that all key economic indicators were well below pre-crisis levels and that four in ten firms have seen their cash flow drop. Friday 15 January 2021 7:27 am whatsapp whatsapp The UK’s hospitality businesses have been battered by a wave of lockdowns (Getty Images) Show Comments ▼ One of the UK’s largest business lobbies is calling for the government to extend the furlough scheme to July and to give out a fresh round of business grants worth £25,000 each. BCC director general Adam Marshall said: “The support schemes the government has introduced so far have saved many firms and jobs, but they have not gone far enough to help many survive a tough start to 2021. Tags: Coronavirus Share The British Chambers of Commerce (BCC) also called for temporary VAT cuts and business rates relief to be extended, with the group saying “certainty is needed to help protect jobs and livelihoods”. Before the Open newsletter: Start your day with the City View podcast and key market data Major UK business body calls for furlough scheme extension to July “We are urging the government to urgently adopt a package of measures that covers the whole of 2021, and that takes away the cliff-edges firms face in a few weeks’ time when reliefs, forbearance and furlough are set to end. Many companies simply can’t wait until the March Budget.” The UK’s hospitality businesses have been battered by a wave of lockdowns (Getty Images) Also Read: Major UK business body calls for furlough scheme extension to July “The drip-feed approach to business support measures has meant many firms simply cannot plan for the future.