The economic outlook in the United Kingdom and other countries is extremely uncertain at the moment and depends critically on the spread of Covid-19 and the public policy response to it. Getting policies right can really help take the sting out of the Covid-19 crisis. My concern is that recent policy changes will make matters worse than they need be.
Key learning objectives:
Outline the channels by which Covid-19 and policies to combat it affect the UK economy
What is the furlough scheme?
What are the costs and benefits of extending the furlough scheme?