5th November 2020Furlough scheme extended until March – reaction from HW Fisher

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.

If you would like to have an extended discussion about your own circumstances, get in touch – our partners are here to support you through these challenging times.

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