Published: 11th Sep 2020

A cross-party group of MPs has urged Rishi Sunak to consider ‘targeted extensions’ to the Job Retention Scheme, which is due to end next month (31 October). In a new report out today (11 September), the treasury select committee said it is not clear that the Job Retention Bonus is good value for money, because it has not been effectively targeted. But the report adds the chancellor should carefully consider whether a targeted extension of the Coronavirus Job Retention Scheme (CJRS) and other targeted support measures might be required. It comes as the Joseph Rowntree Foundation (JRF) calls on ministers to introduce a COVID-19 Job Support Scheme – a new temporary and targeted furlough policy measure for businesses that continue to face constrained capacity and reduced demand due to required social distancing measures. The JRF has warned around 40% of employees on the minimum wage face a high or very high risk of … (To read the full article, subscribe below)