Coronavirus Job Retention Scheme

E145329

The Coronavirus Job Retention Scheme was a UK government furlough program introduced during the COVID-19 pandemic to subsidize employee wages and prevent mass unemployment.

All labels observed (5)

How this entity was disambiguated

Statements (56)

Predicate Object
instanceOf COVID-19 pandemic response measure
furlough scheme
government economic support program
administeredBy HM Revenue and Customs
allowed flexible furlough
alsoKnownAs Coronavirus Job Retention Scheme
surface form: CJRS

Coronavirus Job Retention Scheme
surface form: UK furlough scheme
announcedBy Rishi Sunak
announcedByOffice Chancellor of the Exchequer
announcedOn 2020-03-20
appliesTo UK employers
employees on PAYE payroll
condition employees could not do work for their employer during full furlough hours
country United Kingdom
covers gross salary up to a monthly cap
criticizedFor cost to public finances
potential to support non-viable jobs
eligibilityCutoffDateChangedOn 2020-06-30
endDate 2021-09-30
excludes dividends
self-employed workers
extendedOn 2020-05-12
2020-11-05
2021-03-03
firstClaimsOpenDate 2020-04-20
flexibleFurloughDescription employees could work part-time and be furloughed for the remaining hours
flexibleFurloughIntroducedOn 2020-07-01
fundingSource UK government
surface form: UK central government
impact reduced immediate unemployment during COVID-19 lockdowns
implementedBy HM Treasury
UK government
surface form: UK Government
initialWageSupportCapPerMonth 2500 GBP
initialWageSupportRate 80 percent of usual wages
introducedDuring COVID-19 pandemic
laterGovernmentContributionRate 60 percent of wages
70 percent of wages
legalBasis Coronavirus Act 2020
maximumGovernmentContributionRate 80 percent of wages
mechanism government pays a percentage of usual wages for furloughed employees
peakMonthlyCostEstimate around 14 billion GBP
peakNumberOfJobsSupported around 9 million jobs
policyArea fiscal policy
labour market policy
praisedFor protecting jobs during lockdowns
purpose to prevent mass unemployment
to subsidize employee wages
to support businesses affected by COVID-19 restrictions
relatedProgram Business rates relief in response to COVID-19
Kickstart Scheme
Self-Employment Income Support Scheme
requiredStatus employees designated as furloughed
sectorCoverage charities
private sector
public sector in limited cases
startDate 2020-03-01
totalCostEstimate tens of billions of GBP

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Referenced by (6)

Full triples — surface form annotated when it differs from this entity's canonical label.

Rishi Sunak notablePolicy Coronavirus Job Retention Scheme
Sunak notableWork Coronavirus Job Retention Scheme
subject surface form: Rishi Sunak
Eat Out to Help Out scheme partOf Coronavirus Job Retention Scheme
this entity surface form: UK economic response to the COVID-19 pandemic
Coronavirus Job Retention Scheme alsoKnownAs Coronavirus Job Retention Scheme
this entity surface form: CJRS
Coronavirus Job Retention Scheme alsoKnownAs Coronavirus Job Retention Scheme
this entity surface form: UK furlough scheme
Rishi implementedPolicy Coronavirus Job Retention Scheme
subject surface form: Rishi Sunak
this entity surface form: UK Coronavirus Job Retention Scheme (furlough scheme)