The Coronavirus Job Retention Scheme: how successful has the furlough scheme been and what should happen next?

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Permanent URL for this page: http://hdl.voced.edu.au/10707/587078.

Author: Pope, Thomas; Shearer, Eleanor

Abstract:

The Coronavirus Job Retention Scheme (the CJRS, the furlough scheme) was perhaps the most radical economic policy the UK government enacted in response to coronavirus. It did not save every job, but it was successful at stopping millions of people being made redundant during the height of the pandemic. It has also allowed businesses to get back up and running more quickly than in other countries - like the US - where similar support was not available. This report looks at data on how the scheme has been used, the state of the broader labour market and experience in selected other...  [+] Show more

Subjects: Labour market; Employment; Policy; Evaluation

Keywords: Policy analysis; Comparative analysis; Economic recession; Economic impact; Employee retention; Financial aid

Geographic subjects: England; Great Britain; Europe

Published: London, England: Institute for Government, 2021

Physical description: 33 p.

Access item:

https://www.instituteforgovernment.org.uk/publications/furlough-scheme

Series: IfG insight; September 2021

Resource type: Report

Document number: TD/TNC 145.779

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