By Phil Ellerby

As part of our daily updates to clients on the financial implications of COVID-19, we spoke to a London barrister to get a better understanding of furlough and what it means for businesses.

In this video by our CEO Phil Ellerby, we outline the three options available for employees and their teams. We provide technical details of furlough and why this is viable option allows you to hold on to the people you want in your business and why it makes financial sense in the current climate.

A summary of furlough for employees during COVID-19 – Link

As always, please do get in touch if you need further clarity on any of the updates delivered in our blogs and videos during COVID-19. Please call 0113 218 9552 and leave your details for a member of Northern Accountants to call you back.