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Cash crisis warning as businesses wait for furlough scheme to kick in

Businesses facing a cash crisis are desperate for the Government to launch its furlough scheme in time for this month’s payrolls, the British Chambers of Commerce has warned.

A survey conducted by the business organisation found that two-thirds of respondents had furloughed staff in advance of the job retention programme, announced last month by Rishi Sunak, the Chancellor, which enables employees to be paid 80pc of their wages up to £2,500 a month while they are not working to help avoid redundancies.

More than half of the firms surveyed had only three months’ cash reserves or less so are reliant

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