CBI responds to extension of Job Retention Scheme

“The Chancellor’s welcome extension of the Job Retention Scheme beyond the end of May will help protect the economy and prevent unnecessary job losses through this new lockdown phase. Once again, the Government deserves credit for showing agility in the face of unprecedented challenges.’

“This extension means that firms will no longer be forced to issue redundancy notices over the next few to days to comply with 45-day consultation requirements, and can instead return to focusing on protecting jobs and their businesses’.

“No firm wants the Scheme to last for longer than it needs to, but it’s absolutely clear that these vital support systems must stay in place until it’s safe for people to return to work and we can begin to restart and revive our economy.”