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Chancellor announces Plan for Jobs to help Businesses

Chancellor, Rishi Sunak announced a plan for jobs on 8 July 2020. We set out some of the key highlights. Furlough will not be extended: although it seems attractive, it will be worse for the economy to extend it. So, it will end in October 2020. A new policy has been introduced to reward and incentivise employers who successfully bring furloughed staff back – a new Jobs Retention Bonus. As an employer, if you bring someone who was furloughed and you continuously employ them through to January 2021, the Government will…

Survey reveals half of businesses to lay off staff after furlough

A recent YouGov survey has revealed that half of UK businesses will be forced to lay off staff within three months of the government’s furlough scheme ending. The government’s furlough scheme is set to continue in its current form until the end of July and will continue in amended form until October. Read the full article here...

What to do if your business is being held to ransom

Cybercrime, both against businesses and individuals, is becoming more common. It’s frightening and a major issue for businesses, which can end up having a big impact on your finances. There are also some pretty heavy potential legal issues to think about too, especially if your customers’ data has been compromised. Contrary to popular belief, it’s mainly small businesses that face the brunt of attacks. While large corporations face being bombarded by hacks on a daily basis, they often have entire departments dedicated to fighting off cyber attacks and blackmail attempts.…

Businesses face bigger penalties on data leaks

Businesses are on final countdown to the introduction of the General Data Protection Regulation in May 2018, bringing with it a tighter rule and greater penalties for data processing, and the outcome of a landmark High Court case has made the preparation even more pressing. The case involved an online leak of payroll data by Andrew Skelton, a disgruntled ex-employee of supermarket chain Morrisons. Skelton received an eight year conviction for offences under the Computer Misuse Act 1990 and the Data Protection Act 1998 (DPA). However, over 5,000 current and…

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