Coronavirus Job Retention Scheme: Employment
(asked on 17th March 2021) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what recent assessment he has made of the effect of the end of the Coronavirus Job Retention Scheme on levels of employment.
This question was answered on 26th March 2021
The OBR produces independent forecasts for the Government, and in its Economic and Fiscal Outlook published in March 2021 it estimated that "unemployment would have been about 300,000 higher in the fourth quarter of 2021 in the absence of fiscal stimulus and the extension of the CJRS".
The OBR produces independent forecasts for the Government, and in its Economic and Fiscal Outlook published in March 2021 it estimated that "unemployment would have been about 300,000 higher in the fourth quarter of 2021 in the absence of fiscal stimulus and the extension of the CJRS".