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New Improved Job Support Scheme

The Chancellor has today announced increased support for employers under the new Job Support Scheme (JSS). The Government subsidy available under the JSS has been more than doubled while the contribution required from employers has been significantly reduced. 

JIBFL: Debt for equity swaps: a key restructuring tool in the post COVID-19 era

In this article Natalie Scoones, George Weavil and Jessica Kemp discuss why a debt for equity swap is likely to play a role in many restructurings that result from the downturn triggered by the COVID-19 pandemic. They explain how such transactions are structured, the likely motivations of key stakeholders and the tax and regulatory implications of such transactions.

COVID-19: Working from home update

On 22 September 2020, the Prime Minister announced a change in the Government's approach to working from home, in light of the recent spike in cases recorded across the UK. In this note, we consider what effects the most recent announcement has on employers with employees who normally work in offices.

Job Retention Bonus - Further Details

The Chancellor recently announced a new Job Retention Bonus for employers as the Coronavirus Job Retention Scheme (CJRS) winds down. The bonus aims to incentivise employers to retain furloughed staff when the CJRS closes on 31 October 2020.

COVID-19: Government easements for businesses and employer liability considerations

On 11 May 2020 the Government published practical guidance1 for employers on how to keep their workforce safe by implementing safety measures differentiated according to the activities undertaken, the physical spaces occupied by, and the demographic risk profiles associated with, relevant employees. Furthermore, in June 2020 the Government set out a timeline for retail stores to reopen2 which as of 4 July 2020 has been extended to include a set of further easements to other businesses and venues in the hospitality, personal care, accommodation and leisure space.

COVID-19: Government guidance on transitioning back to normal on public contracts

As a result of the COVID-19 pandemic the supply of goods or services to public bodies under existing contracts has in certain cases needed to be reduced, interrupted or adjusted due to, for example, supply chain issues, a drop in demand or incapacity to fulfil the contract due to UK government restrictions in place. As the UK government turns towards its recovery strategy, we look at: how public bodies might deal with risks to continuity of supply of critical services, and begin the transition towards new, sustainable, operating models; and how this might impact suppliers.

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