Economic downturn “will be like a handbrake turn, rather than a slow-motion car crash”
17 March 2020
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In the Media
Julian Jessop writes for CapX
16 March 2020
In the Media
Krisitian Niemietz writes for CapX
17 March 2020
Lifestyle Economics
15 November 2024
Julian Jessop quoted by The Times
Commenting on the likely economic impact of coronavirus, IEA Economics Fellow Julian Jessop predicts that the contraction in the UK “will be like a handbrake turn, rather than a slow-motion car crash.”
The impact would be felt threefold, in “a blow to sentiment” as seen in the collapsing stock markets, in the disruption to supply chains and as a reduction in spending by consumers.
Julian suggested that the government introduce “some sort of temporary universal basic income” in the form of a £1,000 handout per person “to make sure that people can afford essentials during this crisis”.
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