The content and tenor of the Prime Minister’s daily press briefings leave us in no doubt that the UK and indeed the whole of Europe is on a war footing. Against a threat which comes not from the skies or from the seas but from an unseen enemy whose very presence is having a profound impact on our daily lives, in our homes and in our places of work.
The spread of Coronavirus and the precautionary measures put in place to contain it have already had a dramatic impact on the UK economy, as is evidenced by the increasing number of businesses forced into reducing their workforces or their opening hours, especially in the leisure and hospitality sectors.
In recognition of the level of disruption predicted to be experienced by UK businesses the Government has announced unprecedented levels of support for the UK economy in the sum of £330bn.
Much of the substance of the support measures remains to be expanded upon. At present, the major areas of assistance are:
Support for businesses paying sick pay
Support for businesses paying business rates
Support for businesses paying taxes, including VAT
Provision of the Coronavirus Business Interruption Loan Scheme
There can be little doubt that challenging and uncertain times lie ahead for the UK economy and in particular the owner managed businesses which are at its heart.
We cannot predict how long this period of uncertainty and disruption will last. But in the meantime we would wish to assure you and your clients that if you require any advice or assistance or even just someone at the end of a phone to act as a sounding board then we will be here for you.
We are observing the social distancing guidelines in the office for ourselves and for clients. We may not necessarily be able to meet face to face but with video and teleconferencing as normal a service as possible will be maintained.
Indeed, like many of you we have already put measures in place to ensure that the business of Moore Recovery in Stoke on Trent will continue uninterrupted.
In order to be responsible to ourselves, our family, friends, clients and the public at large, we are keeping up to date with all the guidelines recommended by the Government and WHO and making sure we follow the recommended regulations.
Please do not hesitate to contact us on any of the usual numbers or by email. In the meantime we send our best wishes to you and your circle of colleagues, friends and family.
Mr N J Dingley & Mr M H Abdulali