Coronavirus Job Retention Scheme

URI: https://gptkb.org/entity/Coronavirus_Job_Retention_Scheme
GPTKB entity
Statements (28)
Predicate Object
gptkbp:instanceOf gptkb:government_agency
furlough scheme
gptkbp:administeredBy gptkb:HM_Revenue_and_Customs
gptkbp:alsoKnownAs gptkb:UK_furlough_scheme
gptkbp:announced gptkb:Rishi_Sunak
2020-03-20
gptkbp:cost approximately £70 billion
gptkbp:country gptkb:United_Kingdom
gptkbp:covers all sectors
gptkbp:eligibility employees furloughed due to COVID-19
employees on PAYE payroll
gptkbp:endDate 2021-09-30
https://www.w3.org/2000/01/rdf-schema#label Coronavirus Job Retention Scheme
gptkbp:introduced gptkb:Parliament_of_the_United_Kingdom
gptkbp:legislature gptkb:Finance_Act_2020
gptkbp:maximumWageCovered 2500 GBP per month
gptkbp:notableFor largest wage subsidy scheme in UK history
gptkbp:numberOfWorkersSupported over 11 million
gptkbp:percentageOfWagesCovered 80%
gptkbp:purpose prevent mass unemployment
support businesses during COVID-19 pandemic
gptkbp:relatedGroup UK employees
UK employers
gptkbp:relatedTo gptkb:COVID-19_pandemic
gptkbp:replacedBy gptkb:Job_Support_Scheme
gptkbp:startDate 2020-03-01
gptkbp:bfsParent gptkb:COVID-19_economic_response
gptkbp:bfsLayer 5