Government jobs scheme gives business “wrong incentives”
Professor Philip Booth writes for CapX
New IEA report by Prof Len Shackleton
IEA responds to figures from the British Chambers of Commerce
“The figures in the BCC survey are disappointing but not surprising.
“The Coronavirus Job Retention Scheme was designed to be generous, rightly so in a time of major upheaval for businesses and staff, but the scheme as set out by the Chancellor gives business the wrong incentives.
“Rather than encourage businesses to redeploy staff to roles that could be beneficial – either to pandemic relief or sustaining economic output – the scheme encourages businesses to furlough healthy and useful employees and have future taxpayers foot the bill.”
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