Job Retention Bonus axed in favour of furlough

Posted on 3rd December 2020 by Streets


Image to represent Job Retention Bonus axed in favour of furlough

In July the Chancellor, Rishi Sunak, announced that employers would receive a £1,000 one off payment, a Job Retention Bonus (JRB), per employee who was previously furloughed but who’s job remained in place until the end of January 2021. 

The JRB was set to provide a potential financial boost to businesses possibly at a time when employers we looking to return employees to the business and/or looking at an upturn in activity.  However, the JRB has been cancelled following the surprise decision by the Chancellor to extend furlough to the end of March 2021.

 


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