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 CJRS ⓘ
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 central government ⓘ
linked to: UK government
impact reduced immediate unemployment during COVID-19 lockdowns ⓘ
implementedBy HM Treasury ⓘ
UK Government ⓘ
linked to: 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 ⓘ

How these facts were elicited

Referenced by (7)

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

Rishi Sunak → notablePolicy → Coronavirus Job Retention Scheme ⓘ
Rishi Sunak → notableWork → Coronavirus Job Retention Scheme ⓘ
subject linked to: Sunak
Eat Out to Help Out scheme → partOf → UK economic response to the COVID-19 pandemic ⓘ
linked to: Coronavirus Job Retention Scheme
Coronavirus Job Retention Scheme → alsoKnownAs → CJRS ⓘ
linked to: Coronavirus Job Retention Scheme
Coronavirus Job Retention Scheme → alsoKnownAs → UK furlough scheme ⓘ
linked to: Coronavirus Job Retention Scheme
Rishi Sunak → implementedPolicy → UK Coronavirus Job Retention Scheme (furlough scheme) ⓘ
subject linked to: Rishi
linked to: Coronavirus Job Retention Scheme
Self-Employment Income Support Scheme → relatedTo → Coronavirus Job Retention Scheme ⓘ