FCA confirms support on mortgage deferrals

The Financial Conduct Authority (FCA) has confirmed support for mortgage borrowers who continue to face payment difficulties amid the COVID-19 pandemic. Earlier this week (14 September 2020), the FCA published additional guidance for firms to ensure support for...

HMRC targets employers over furlough claims

HMRC has written to employers who it believes have overclaimed on the coronavirus job retention scheme (CJRS), demanding they repay payments or face a fine. HMRC revealed 3,000 employers, out of 1.2 million who have applied for the grant during the COVID-19 pacedmic,...

Treasury Committee urges furlough scheme rethink

Chancellor Rishi Sunak is being urged to "carefully consider" targeted extensions to the coronavirus job retention scheme (CJRS) before the scheme winds down next month. As part of an inquiry into the impact of the COVID-19 pandemic, a Treasury Select Committee warned...