Recent news

The UK government has drawn up contingency plans to bail out companies it believes are strategically important to the economy …

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It is tempting for company directors, who can foresee an M&A, to enhance their severance terms to give themselves an assured high payoff if it ends up costing their jobs …

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Any foreigner whose leave to remain expired after the 24th of January 2020, and cannot return home due to the current health crisis, will now be able to extend their visa until the end of July 2020 …

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The UK government’s decision to continue operating its furlough scheme until the end of October comes with a twist …

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Contrary to expectations, the number of insolvencies during the first four months of this year were broadly in line with the pattern over the same four months last year …

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An officially projected £337BN public spending deficit in the current financial year is more than twice the level reached after the last recession …

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The promise of price reductions next year due to the removal of import tariffs is a desperate move, made without any regard for broader economic consequences and is sure to have very damaging longer-term effects on the UK economy …

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The recent insolvency of the former stores group Debenhams also throws some light on the position of all companies that have furloughed workers, but wish to introduce a pay cut for employees when the furlough ends …

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Manufacturing in April fell more than in any month on record …

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The Competition and Markets Authority (CMA) is currently running a campaign to warn business against market sharing in the present climate – when anti-competitive temptations will be so high …

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Companies that take part in the government job retention scheme will receive financial compensation for only the basic level of automatic enrolment pension they have to pay …

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It is becoming common during the present crisis for large companies, especially in the UK, to introduce pay cuts and to freeze annual bonus payments …

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Employers are rightfully concerned about the glut of holiday rights they will face in 2021 and 2022 when the present crisis is hopefully over, just as they seek to resume operations …

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Employees saddled with credit card debt and overdrafts are now given some relief by the Financial Conduct Authority which has placed a freeze on such payments …

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Although the Information and Consultation of Employees (ICE) Regulations have, for many years, required employers in workplaces with 50+ employees to establish a formal agreement with employees when requested to do so by at least 10% of the workforce, now the situation has changed …

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