Tax and Fiscal Policy

Will post-lockdown spending spree save the high street?


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Annabel Denham writes for The Telegraph

Prof. Len Shackleton writes for the Daily Express

The Chancellor Rishi Sunak has predicted a boom to the economy as households savings are set to be unleashed in a wave of increased spending. It is estimated households have saved up-to £180 billion over the lockdowns.

Prof. Len Shackleton, IEA Editorial & Research Fellow, commented on the news in the Daily Express, analysing the effect this will have on the high street. Len argued: “There is good news from chains such as Primark, H&M and others. Much spend will go online but that share of purchases has fallen since shops have reopened. Consumers are rediscovering such joys as trying on clothes rather than ordering them from distant warehouses“.

Read Lens full comment here.



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