The Chancellor is groping his way, knowing well that the future is unknowable, trying to hold on to as much of the past as he can.
Posts Tagged: Unemployment
Sunak’s statement tomorrow. How much like the Old Normal can we afford to make the New Normal be – or try to?
Given the Coronavirus uncertainties, whatever he announces could be even more provisional than most schemes of most Chancellors.
Javid delivers the Budget he never got a chance to – via the Centre for Policy Studies. He wants to go for growth.
It’s a good thing for former senior Ministers to keep thinking, going and contributing, and we wouldn’t be surprised to see a comeback to government.
We should be aggressively backing UK manufacturing, science and green tech as a key plank of our recovery.
Ben Roback: Why America’s election may turn on jobs, immigration, abortion and China – not race, policing, justice and riots
Trump has shown a rare flash of flexibility in signing a police reform executive order, breaking a hitherto narrow commitment to law enforcement.
This crisis, though we wish it could have been avoided – is a big wake-up call to these institutions that business cannot continue as normal.
James Frayne: We should prepare ourselves to hear horrifying tales of what’s happened in lockdown Britain
Getting the economy moving won’t even begin to give the Government political momentum. It will need to conduct its own Fairness Audit.
After a decade of forward guidance, credit easing and quantitative easing, it was clear even before the Covid-19 crisis that monetary policy had run out of road.
The Government can avoid worsening it. But that requires as bold a deviation from ordinary policy as the extraordinary relief efforts we saw before.
Mike Brewer: Universal Credit – the surprise hero of this crisis so far. But more daunting challenges await it.
The Government should temporarily suspend or increase the benefit cap – so that all families on UC benefit from the emergency measures.
James Frayne: Nine thousand jobs lost at Rolls Royce. The damage that the virus is wreaking on provincial Britain is terrible – and will last
It’s not only a matter of highly-skilled jobs for working class people. Firms like these gives cities like Derby a sense of immense civic pride.
Andrew Green: Easing of the work permit system, while unemployment rises, would have dire consequences
If employers turn to cheaper foreign labour, the Conservatives will suffer very heavily, especially in the new “red wall” constituencies.
If, that is, interest rates carry on at rock bottom rates. But we have to take a chance on growing our way out of this crisis.
James Frayne: More welfare spending. A business tax avoidance clampdown. The new economic policy that voters will want.
One area that has had relatively little attention, but could get much more, is the behaviour of commercial landlords across the country.
Aidan Shilson-Thomas: The Job Retention Scheme was an excellent intervention. But it needs changes – fast.
‘Short-time’ working is the Chancellor’s best bet for weaning employers off state support.