Today marks one month until the end of the furlough scheme, a government intitiative that was put in place in aid of preventing people being laid off by their employers during lockdown. The scheme has helped thousands manage to get by in the turmoil of the pandemic, but it has also caused confusion and headaches amidst the masses of compliance work heaped upon the profession.
As we settle back into normality, how do you think your clients will fare without furlough? Are you happy to see the back of it? Or are you concerned that some might not be able to cope?
Head of ACCA UK Claire Bennison commented that she was concerned a hard stop to the scheme could be damaging to businesses, calling instead for a gradual wind down process. Do you think that there is room for this approach, or are you happy to finally say farewell to furlough next month?
Feel free to share your furlough thoughts in the comments.