UK destined to employ iron fist in a velvet glove with companies
Policy makers need to have the means to help the newly unemployed, given the expected scale of joblessness
12 August 2020 - 11:58
The pandemic has asked many difficult questions of Europe’s governments, from whether to close down schools to which companies to bail out.
As economies continue to open up, politicians face a new daunting choice: should they leave their employment furlough schemes in place? These support programmes have kept workers in their jobs (artificially) at a vast cost to the public coffers, but phasing them out risks creating mass unemployment...
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