Member Login

Email address required.
Password required.
×

UK Winter Economy Plan

Posted on: 25 September 2020

The UK Chancellor of the Exchequer Rishi Sunak has unveiled the government’s Winter Economy Plan, aiming to protecting jobs and support employment following the end of the Coronavirus Job Retention Scheme (CJRS) in October 2020.

Accountancy and business advisory firm BDO commented: “We welcome the measures announced on 24 September as they address the concerns of the UK’s economic engine: mid-market companies. Nearly a third of the mid-market companies we have surveyed are concerned about having to make redundancies and more than a third are struggling with cashflow.”

As the UK faces continued social distancing measures and restrictions to prevent the spread of COVID-19, the Chancellor announced a new job support scheme targeted primarily at small and medium enterprises with further subsidies of wages. He has also sought to improve businesses’ cashflow by extending the existing loan schemes and promising new loan schemes for 2021.

The UK government will also extend the reductions in VAT for the hardest-hit sectors of the economy – tourism and hospitality.

For more information, please read BDO’s articles explaining the Emergency Job Scheme and Measures to improve cash flow, a summary can be found at the dedicated hub here.

What is Maritime London?

Maritime London – the promotional body for UK based companies providing professional services to the international shipping industry

Funded by over 100 companies and organisations from a wide range of disciplines, Maritime London ensures that the UK remains a world beating location to base a maritime related business. Maritime London’s mission is to promote the UK as the world’s premier maritime business centre.

Our core Maritime Services

The UK is home to a world beating array of professional maritime service providers. Maritime sectors include:

© 2020 All Rights reserved. || Privacy/Terms