How to Pay for the Lockdown
What’s Best for the Economy, Best for Recovery?
Friday 5th June, 12.30-1.30 pm
Online Zoom Webinar
Many countries are lifting the Coronavirus lockdown that has shut down countless economies. Working life was suspended, business and enterprise put on hold, and people obliged to stay at home. Jobs put on hold or lost. Some businesses may not recover, and others may shrink.
Now businesses are set to re-open in stages, people to return to their place of work. Germany and Italy have already begun, a dozen states in the US had re-opened by early May and France had announced plans for its lockdown to follow suit. But the major question for each state is how can the cost of the prolonged lockdown be met and the economy set on the road to recovery? The UK faces a deficit of 14 per cent of GDP and public sector net borrowing could be £273 billion, says Britain’s OBR.
Politeia will be holding a zoom event at lunchtime on Friday 5th June (12.30-1.30pm) to consider the options. On the panel will be
- The Rt Hon Greg Clark MP, Chair, Science and Technology Committee, former Secretary of State for Business (2016-2019)
- Ludger Schuknecht, Deputy Secretary-General, OECD
- Roger Bootle, Chairman, Capital Economics
They will consider such themes as
- How can the lockdown be paid for?
- What steps are needed to overcome the deficits and tackle the public sector debts incurred through the lockdown?
- What steps are needed to promote recovery?
- How can governments tackle the surge in unemployment and business failure?
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The event will take place online on Friday 5th June, 12.30-1.30 pm. If you would like to register your interest please respond by writing to email@example.com with your name, position, phone number and organisation. We will add your name to our list and you will receive details of how to log on to join us.