Tough decisions on pandemic supports need to be made - and made soon

Since economic pain is unavoidable, perhaps we need to find a way forward somewhere between Germany‘s spending and Britain’s cuts

30th August, 2020
Tough decisions on pandemic supports need to be made - and made soon
Angela Merkel: the German chancellor has agreed to extend the country’s wage ‘top-up’, or subsidy scheme, for a full year

The uncertainty about how long Covid-19 restrictions will remain in place, and if or when a vaccine may be viable, means that the economic disruption being experienced globally is likely to continue for some time to come.

Different governments have, broadly speaking, adopted the same approach to date – one of enormous expansionary public spending in an effort to insulate individuals and businesses from the full economic force of this disaster.

As we move into...

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