Job Retention Bonus

Treasury written question – answered on 10th December 2020.

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Photo of Anneliese Dodds Anneliese Dodds Shadow Chancellor of the Exchequer

To ask the Chancellor of the Exchequer, when he plans to (a) publish and (b) introduce the retention incentive replacement for the Job Retention Bonus announced on 5 November 2020; and if he will make a statement.

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

The Job Retention Bonus (JRB) will not be paid in February 2021 and the Government will redeploy a retention incentive at the appropriate time. The purpose of the JRB was to encourage employers to keep people in work until the end of January 2021. However, as the CJRS is being extended to the end of March 2021, the policy rationale of the JRB has fallen away.

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