THE JEWELLERS

The Daily Telegraph - Business - - Coronaviru­s: Sunak’s Winter Economy Plan -

◆ Char­lotte Gat­ward of Gat­wards says: “The changes to the fur­lough scheme will be wel­come in the sec­tors that are hard­est hit. Also, the ex­ten­sion to the loan schemes, ‘pay as you grow’ and de­ferred tax are all ex­cel­lent as cash flow is the big prob­lem for many small busi­nesses while con­sumer con­fi­dence is low and there is huge un­cer­tainty for the months ahead. How­ever, these changes have come too late. We may ben­e­fit from the new job re­ten­tion scheme as we have two team mem­bers still on fur­lough, but I’ve al­ready had to let one go.

The spread­ing pay­ments of tax and loan re­pay­ments are help­ful, with any boost to cash flow very wel­come at this time.

“We hope and pray we won’t have to close again; we are do­ing ev­ery­thing we can to boost our on­line pres­ence so we can weather the storm.

“Novem­ber and De­cem­ber are nor­mally our busiest trad­ing months – we just do not know how things will pan out this year – if cus­tomers are fear­ful, they won’t come to the high street.”

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