Contributed by Suffolk Chamber of Commerce
13/05/2020 - Suffolk Chamber of Commerce
Commenting on the Chancellor’s announcement today (12 May) that the Coronavirus Job Retention Scheme will be extended to October, Suffolk Chamber of Commerce, Chief Executive, John Dugmore said;
“The extension of the Job Retention Scheme is good news, and will be a huge relief for many of our members and the wider business community of all sizes and sectors
“The Chancellor is once again listening to what the chamber network have been saying and we can count this as another policy win for our members. The changes planned will help businesses bring their people back to work through the introduction of a part-time furlough scheme. We will engage with the Treasury and HMRC on the detail to ensure that this gives companies the flexibility they need to reopen safely.
“A recent survey by Suffolk Chamber of Commerce shows that 70% of Suffolk businesses have furloughed staff with 93% furloughed for at least three months. The extension of the scheme will allow businesses to keep hold of staff without the necessary redundancies due to the expected economic downturn.
“Over the coming months, the government should continue to listen to business and evolve the scheme in line with what’s happening on the ground. Further support may yet be needed for companies who are unable to operate for an extended period, or those who face reduced capacity or demand due to ongoing restrictions.”
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