Tax and Fiscal Policy

Economic downturn “will be like a handbrake turn, rather than a slow-motion car crash”


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Krisitian Niemietz writes for CapX

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”.


Read the full article here.



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