Labour Market

Further government intervention is not the remedy to the current unemployment crisis

Professor Len Shackleton writes for CapX

We inevitably face much higher unemployment over the becoming winter, but the Government “can’t keep businesses on life support indefinitely”, writes the IEA’s Editorial and Research Fellow Professor Len Shackleton.

In an article for CapX, Len argues that while measures such as the Coronavirus Job Retention Scheme and the Self-employment Income Support Scheme served a useful purpose when it looked as if the restrictions on our economic life would be temporary, the Government now needs to “restore and enhance the conditions under which job creation is maximised, which means allowing markets for goods and services to operate freely.”

Read the full article here.