LCCI react to furlough scheme changes

Friday 29 May.

Responding to the Chancellor’s announcement on changes to the Coronavirus Job Retention Scheme from July onwards:

Richard Burge, Chief Executive of London Chamber of Commerce and Industry, said:

“This is a wicked problem for the Chancellor, and businesses will be pleased to see a tapering of the furlough support, rather than a sudden reduction.

"Some firms will also welcome the flexibility to bring back furloughed workers part-time from July 1, as it will help service gradually increasing business demand.

“But even with the Chancellor’s reasonable approach, concern will remain, especially in London, amongst businesses in the hospitality and tourism sectors particularly. It may be the case that the Chancellor needs to look in a few months’ time at specific furlough support intervention for those sectors.”