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This article was published on March 4th, 2021
As we are slowly coming to a relaxation of lockdown (hopefully for the last time), it is patently clear that the lasting effects on various sectors will still remain.
To that end, you will have all seen and heard the Chancellor announce in his budget yesterday, the news that Furlough has been extended until the end of September 2021. This comes as welcome news, allowing companies to slowly pick themselves back up and revive their operations.
Interestingly, employers WILL be asked to start contributing to the scheme from July, something that you no doubt will have previously seen last year.
Whilst this may seem concerning, we ought to bear in mind that by July the aim is for life to be much more normal, thereby potentially diminishing the need for the scheme. Further developments are expected, especially from the mooted 21 June date, where we may well see the accessibility of the scheme become more stringent.
If you have any questions about how the budget may affect how your business operates or it has already meant you need to make changes to the way you and your company operates, our team can help.
Our employment law & HR team are vastly experienced and can assist you with all aspects of employment law, from drafting contracts to advising you through an employment law tribunal and more.
We also offer a range of solutions including Employment Shield and HR Essentials, which are designed to help streamline your business and ensure it is protected, enabling you to focus on the core functions of your business and help it grow more effectively.
You can learn more about our fixed cost employment law & HR packages by clicking here.
Alternatively, you can see our full range of services to help you and your business by clicking here or we will be happy to discuss your requirements over the phone.
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