Monday September 21, 2020

Editorial View: Tough choices await new government, but saving jobs must be the priority

Given the grim economic backdrop, the wage subsidy scheme will have to be prolonged no matter how costly it is to the exchequer

19th July, 2020
In the coming days, the government will unveil its much-awaited economic stimulus plan. Pic: RollingNews

In the coming days, the government will unveil its much-awaited economic stimulus plan. It is not stretching the imagination to suggest that this will be one of the most important announcements this administration will have to make in its lifetime.

The economic backdrop is grim. Unemployment stands at over a quarter of the workforce, concentrated mainly in young people and among those in the hospitality and tourism sectors.

Consumer confidence is fragile, and the surge...

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