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<p>The objective of the Coronavirus Job Retention Scheme (CJRS) was to support businesses
to preserve employer-employee matches by providing a mechanism to pay the wages of
furloughed employees. Through easing the financial burden, the CJRS aimed to support
jobs, reduce the risk of permanent business closures (supporting those that had temporarily
ceased or reduced trading), and reduce the risk of large losses in incomes, through
wage support to furloughed employees. In doing these things, the CJRS sought to reduce
the risk of long-term labour market scarring, maintain the UK economy’s productive
capacity through the crisis, and facilitate and support a smoother economic recovery.</p>
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