KPMG & REC Report on Jobs January 2021
As the country navigates another lockdown and we approach what will easily be the worst time we have seen during this global pandemic, we need to celebrate the positives contained in this report with caution.
With the Job Retention Scheme ending and deferred VAT payments due in April, as well as government-backed loan repayments starting in May, even if businesses make it through to Easter, they will find the spring extremely tough financially.
All these factors will undoubtedly have an effect on the ability to keep trading, let alone hire staff.
Financial, physical and mental wellbeing is key.
But we know the ropes now and with a vaccine being rolled out there really is light at the end of the tunnel.