Can Chancellor Rishi Sunak’s package of policy measures head off an impending economic storm?
Will they really help kick start the UK economy? Or are they just delaying an inevitable tsunami of business closures and job losses?
Writing in The Times today, IEA Director General Mark Littlewood contends that the Chancellor’s measures amount to an exercise in triage rather than rehabilitation.
Green Homes Grants and Sunak-subsidised pizzas won’t, he argues, stem the bleeding. Instead of trying – and likely failing – to keep workers in their present positions, we need to make it easier for new and different companies to employ them.
Keep an eye on the IEA’s YouTube Channel, where Mark will soon be discussing his article and the wider question of whether the Chancellor’s measures can deliver with our Media Manager Emily Carver.