Deferrals, the creation of the Job Retention Scheme, access to grants - there can be no doubt that the Chancellor is trying to limit the number of business failures as a direct result of the COVID19 pandemic. But whilst the actions taken so far have undoubtedly eased the immediate pressure, there is concern that those difficulties are only being postponed.
Following the chancellor’s support announcements, most businesses have taken steps to minimise their outgoings and protect their cash reserves over the short term. Remember - Deferrals are not Debt Forgiveness! Read this post