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The coronavirus pandemic has worsened inequalities and the measures taken by government, with tacit or explicit support of Labour and the TUC, have increased inequalities further.
PEF council member Guy Standing and the award winning band Massive Attack have combined to create a video supporting Universal Basic Income. Progressive economics set to music !
The government’s ineptness in handling the health crisis will thus impact both the supply and the demand sides of the economy.
Sue Konzelmann writes on Boris Johnson’s Economic Recovery Plan. Focusing almost exclusively on the usual sectors – property, construction and finance – it’s likely to make an already unbalanced economy even more lopsided.
As Britain enters a severe recession that will lead to large fiscal deficits and growing public debt, a question presents itself — when are deficits and debt too large?
Far from a problem, moderate rates of price increase signal a healthy, expanding economy.
Market economies tend to generate unemployment not full employment. Real economies produce many goods and services with quite different process of price determination. Governments and central banks at most influence not determine money in circulation. Inflation is not the result of too much money. That is its consequence.
We need a public sector led National Care Service nationally funded, but locally delivered, operating with decent working conditions alongside the NHS providing support for all who need it free at the point of use.
The International Monetary Fund (IMF) should agree a rapid issuance of at least $500bn in international liquidity, in the form of additional Special Drawing Rights (SDRs)
There is a need for massive reform of tax after the coronavirus crisis
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