Small Business Advice

New lockdown rules, furlough extended and more

02 Nov 2020

New lockdown rules, furlough extended and more

One of the scariest Halloweens in a long time for all the wrong reasons. Boris has announced a second lockdown and a change to the support available for businesses

The new rules (so far!) 

  • Lockdown imposed from Thursday 5 November 2020 to 2 December 2020
  • This could be extended if the R (infection) rate doesn't drop below 1

You should not leave home, except:

  • for education
  • for work, if you cannot work from home
  • for exercise and recreation outdoors
  • to shop for food and essentials
  • to care for others

Businesses who must close:

  • Pubs, restaurants and bars, but they can still offer takeaway and delivery
  • Gyms and leisure facilities
  • Personal care facilities (beauty salons etc)
  • Non-essential retail – (electronics/clothes stores etc) but they can offer delivery and click-and-collect services

Businesses who can stay open:

  • Hotels and accommodation, ONLY for guests travelling for work
  • Childcare, nurseries, schools and colleges
  • Construction and manufacturing

Furlough scheme extended

  • The new Job Support Scheme has been delayed, and furlough extended
  • Employees can be furloughed if they were on a payroll filed with HMRC by 23:59 on 30 October 2020
  • The Government will continue to pay 80% of the employees’ wages up to £2,500
  • Employers will pay their national insurance and pension contributions
  • Flexible furlough is still allowed

No updates yet on the 3rd self-employment income support scheme (SEISS)

  • This is currently 40% of your average profits, for the 3 months from 1 November 2020
  • There should be a 4th grant due for the 3 months from 1 February 2021
  • We don't know at this stage whether a review of this support will take place now that there is a new lockdown

Business grants

  • Available for businesses forced to close
  • Grants calculated for each 2 week period closed, and based on your rateable value as follows:
    • up to £15,000 the grant is £667 every 2 weeks
    • between £15,001 and £50,999 £1,000 every 2 weeks
    • above £51,000 should receive a grant of £1,500 every 2 weeks
  • Find your rateable value here, you’ll need your business postcode

Mortgage holiday extended

  • This was due to end 31 October 2020
  • You can apply for a mortgage repayment holiday for 6 months
If you're struggling we urge you to get in touch, we can help with cashflow planning and grant applications and even just chat through the variety of government support out there

Stay safe

Stuart Hurst



0161 8200 200

About the author

Hi I’m Stuart and I head up our Manchester office after previously overseeing the UK cloud accounting roll out at a top 20 accounting firm. 

I’ve been an accountant for the last 15 years, but my life changed 5 years ago when I went to Xerocon for the first time and was blown away by what Xero and the cloud apps could do for my clients.

Since then I’ve been focused on using cloud technology to help business owners achieve more and have moved over 1,000 businesses to Xero. Only 2 of those have been failures, which people always ask about but nobody ever asked about the 998+!

I also work with a wide variety of the cloud apps in the ecosystem, so even if you’re already on Xero, I can often add more functionality, whether debt chasing apps, cashflow forecasting or point of sale systems I’m happy to help.

I tend to work with businesses that:

-Have turnover between £500k and £5 million 

-Want to grow and want to see their accountant more than once a year

-Want to make the most of tech to automate the way the work and improve efficiencies

I absolutely love what I do and have been so close to getting a Xero tattoo on multiple occasions. Outside or work I love a good board game (too nerdy?) and do a fair bit of running although I’m not as fast as I used to be!


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