To achieve sustained recovery, the government might need to have household debt partially cancelled. The chancellor’s recovery programme addresses corporate debt to some extent, by providing businesses with loans with generous payback conditions and other support.
John Weeks argues the coronavirus outbreak requires measures including quantity rationing and price controls, alongside a rethink of UK labour market policy.
Dealing with the health crisis: rationing and price controls Read More »
Carolina Alves and Farwa Sial discuss the efficiency of the UK’s economic response to the COVID-19 crisis and explain why it does not directly support households but companies
COVID-19: How the UK’s economic model contributes toward a mismanagement of the crisis Read More »
The United Kingdom has made its first step toward ending the rhetoric of fiscal austerity, yet reactions to the budget on 11th March demonstrate how engrained the austerity ideology is in the media.
The End of Austerity Speak Read More »
Guy Standing writes for the PEF blog, arguing that the government’s Job Retention Scheme is a poor and inegalitarian alternative to a basic income.
The Job Retention Scheme makes no sense, Basic Income does Read More »
UK household debt hit an all-time high before the Coronavirus. Now it’s the next crisis the government has to tackle – and only a suspension of repayments will do.
The Coronavirus Debt Crisis Read More »
We welcome the government’s new measures to support workers, particularly the introduction of grants for wage support. But despite the scale of these spending commitments, there is a real danger that millions of workers will not feel their benefit.
A global economic crisis has been waiting to happen for several years, now Coronavirus is triggering that crisis. PEF Council member Guy Standing makes the case for introducing a Basic Income as a first step toward dealing with the pandemic.
Coronavirus, Economic Crisis and Basic Income Read More »
This week a number of PEF Council members alongside figures from across economics, environmentalism and other fields signed this open letter to the governor of the Bank of England. The letter can be read here.
‘The Bank of England must lead the way on climate change’ – Open letter Read More »
The Treasury has always acted as a restraining influence on elected governments. The Prime Minister’s move is good news for democracy.
The Prime Minister has weakened the Treasury. Progressives should be grateful Read More »
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