Job Retention Bonus

(asked on 16th December 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, for what reason he decided to withdraw the Job Retention Bonus.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 15th January 2021

The objective of the Job Retention Bonus (JRB) was to incentivise employers to retain employees between November and the end of January through a £1,000 bonus paid to the employer. The extension of the Coronavirus Job Retention Scheme (CJRS) allows employers to do that until the end of April by covering 80% of the furloughed employees’ wages. The policy intent of the JRB therefore fell away with the extension of the CJRS. The Government will set out details of how a revised retention incentive will work in due course.

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