IoD urges government to support jobs and investment after coronavirus lockdown

25 Jun 2020

The Institute of Directors (IoD) has called on the government to act to support jobs and investment once the coronavirus lockdown ends.

In a submission to the Treasury, the IoD has urged the government to act now in order to reduce the cost of employing people as the Coronavirus Job Retention Scheme (CJRS) comes to a close.

The IoD recommends increasing the Employment Allowance and raising the threshold for employers' national insurance contributions (NICs).

Within the submission, the Institute also proposed widening the scope of Research and Development (R&D) tax reliefs to support investment in technology and training.

Jonathan Geldart, Director General of the IoD, said: 'The government may want to hold back some ammunition until the autumn, but directors have to make hiring and investment plans ahead of time.

'Now is the moment for the Treasury to reduce the cost of employment so companies can retain staff. As the furlough scheme winds down, jobs are at risk, so it will be crucial to soften the blow.'

Client Testimonials

We at PORT Accountants in North Wales pride ourselves on our excellent level of service and advice. Here are just a few of PORT Accountants’ reviews and testimonials from our happy customers:

Home | Contact us | Accessibility | Disclaimer | Privacy Notice | Help | Site map |
© 2020 Parker O'Regan Tann & Co. All rights reserved.
Parker O'Regan Tann & Co, Bangor Business Centre, 2 Farrar Road, Bangor LL57 1LJ
Parker O'Regan Tann & Co, 17 Wynnstay Rd, Colwyn Bay, Conwy LL29 8NB

We use cookies on this website, you can find more information about cookies here.

Registered as auditors and requlated for a range of investment business activities in the United Kingdom by the Association of Chartered Certified Accountants