Since the UK was placed in lockdown on 23 March the impact on some businesses and, indeed, entire business sectors has been unprecedented. Hardest hit are the travel and hospitality industries but the impact of the Covid-19 pandemic has touched most sectors in one way or another.
Inevitably, many individuals have seen their income drop. Some have been furloughed under the government scheme. Others have taken voluntary reductions in pay at the behest of their employers. Others still have seen their income extinguished altogether. Bonuses are also under threat; the banking sector is turbulent, some magic circle law ...