Commenting on the announcements made by The Chancellor on an extension to furlough today, Simon Michaels, partner at accountancy firm HW Fisher said: Businesses will be able to breathe a sigh of relief for the first time in months. It’s not over yet, but an extension to furlough is a positive step. It continues to be a serious time for British business.
This is the first time a longer term strategy for British business has been shared since March. The Government has wasted time on short term updates, minor tweaks and knee jerk reactions – a longer term strategy is the key to building longer term business confidence. The next step, is to focus on life beyond furlough – the scheme cannot last forever, and neither can other Government support packages. We need to see an exit strategy and Government should not delay on this.
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