The first steps to recovery?

01 August 2020
4 min read
Volume 38 · Issue 8

 It was largely focused on preventing and tackling unemployment by attempting to enhance the financial environment for businesses and encourage them to retain and take on new staff. Acknowledging that these were only the first steps in an evolving path to recovery, Sunak commented: “Although hardship lies ahead, no one will be left without hope… Our plan has a clear goal – to protect, support and create jobs.”

 

Furlough scheme update

About the novel furlough scheme, Sunak said that it, “… has been a lifeline... but it cannot and should not go on forever”. He confirmed some details of the gradual tapering off of the scheme until the end of October.

On the plus side, practices will be able to claim a retention bonus of £1,000 for each member of staff brought out of the furlough scheme. For those practices able to bring back all their staff, this is a very positive development, helping towards overheads as some sort of normality is resumed.

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