Coronavirus Job Retention Scheme

Treasury written question – answered on 9th June 2020.

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Photo of Preet Kaur Gill Preet Kaur Gill Shadow Secretary of State for International Development

To ask the Chancellor of the Exchequer, what assessment he has made of the effect on the uptake of the Coronavirus Job Retention Scheme in the event that employers are required to make a contribution of 20 per cent to employees' wages.

Photo of Jesse Norman Jesse Norman The Financial Secretary to the Treasury

In October, employers will be required to make a contribution of 20 per cent to furloughed employees' wages. This employer contribution is being introduced in a measured way to support both firms and employees through the transition, balancing the need to protect jobs against the need to restart the economy as the Covid-19 backdrop improves.

It is likely that some firms will be affected by coronavirus for longer than others, and the Government will seek to support these firms appropriately. The CJRS is just one of the schemes to support firms through Covid-19.

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