Cost of Living Crisis:
West London Business’ New Beneficial Loans Toolkit
Gives Employers Guidance on Interest Free Loans for Staff
As employers grapple with how best to help staff in the midst of a cost of living crisis, West London Business has today released its Beneficial Loans Toolkit, giving employers much-needed practical guidance on how to issue small loans to employees as a manageable and safer alternative to high-interest payday lending. The business group has also recommended that HMRC makes their employer guidance on loans to staff easier to find and understand.