17th June 2021The Chancellor set to reject furlough extension despite Freedom Day delay

Speaking on the Chancellor’s proposed plan to reject calls for an extension of the furlough scheme, Simon Michaels says “The Chancellor finds himself in the ultimate ‘rock and a hard place’ over furlough. There is no question that furlough has enabled businesses to survive since March last year. Removing furlough too early will certainly result in job losses as businesses still unable to open will assess where they can easily reduce costs.

“Is this the time for the Chancellor to consider that one solution is not right for all industries? Certain sectors have come through the pandemic and are flourishing where others are still in need of support. This is the time to realise that the hospitality and travel sectors are likely to need furlough well into 2022. I appreciate, the Government does not have a bottomless pit of cash for everyone, so tailored support must be considered.”

If you are affected by the delay in the lifting of restrictions and would like to discuss how we can help, please get in touch.

Key contacts

Simon Michaels
Director

02038273975
Contact Simon Michaels
Connect with Simon Michaels
Download vCard



Contact us

We’d love to hear from you. To book an appointment or to find out more about our services: