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Job Retention Bonus scrapped

The Government will not pay the Job Retention Bonus (JRB) in February as planned and has instead said that it will “redeploy a retention incentive at the appropriate time”.

The JRB was originally intended to encourage employers to keep people in work until the end of January. However, with the CJRS now extended until March, the Chancellor said the goals of this policy no longer apply. 

To help businesses make sense of the latest financial measures the Government has produced a detailed factsheet, which can be downloaded by clicking here

If you require support with any of the schemes recently announced or outlined in this update, please contact us