Coronavirus Job Retention Scheme

(asked on 28th August 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what economic assessment he has made of the effect of ending the Coronavirus Job Retention Scheme.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 8th September 2020

After eight months of the Coronavirus Job Retention Scheme, the scheme will close at the end of October. The scheme must be temporary and the Government must ensure people can get back to work safely and get the UK economy up and running again.

The longer people are on furlough, the more likely it is their skills could fade, making it harder for them to get new opportunities. It is in no-one’s long term interests for the scheme to trap people in jobs that only exist because of the subsidy.

Building on the action taken in the face of the immediate threat posed by the virus, the Government is now proceeding with the second phase of its response with the targeted Plan for Jobs which will support the UK’s economic recovery while continuing to prioritise people’s health.

Reticulating Splines