More than 400,000 employers supported by furlough scheme in last month of operation, figures reveal
More than one million workers and over 400,000 employers were still supported by the Coronavirus Job Retention Scheme (CJRS) in its last month of operation, the latest figures reveal.
The report, published by HM Treasury, suggests that businesses need continued support as they enter into the recovery phase of the pandemic.
Cautious welcome for Chancellor’s cut in business rates
The hospitality and retail industries have welcomed the business rates cut announced by Chancellor Rishi Sunak in his recent Autumn Budget.
Restaurants, bars, shops and gyms will benefit from a temporary 50 percent cut in their business rates, offering welcome relief to those that have been badly hit by the COVID-19 pandemic.
But any hope of a move to keep VAT at 12.5 per cent for the hospitality and leisure sector were dashed however, and the rate will revert to 20 per cent in April.
Controversial basis period reforms delayed by one year, Government announces
Controversial changes to the basis period rules will be pushed back to 2024, the Government has announced.
