Guardian Newsroom: Can Britain’s Economy Survive the Second Wave?
On the same day the World Health Organization declared Covid-19 to be a global pandemic, chancellor Rishi Sunak was delivering his spring budget. Since then, Britain’s economy has plunged into the deepest recession on record, and the collateral damage will be long-lasting and difficult to recover from.
High street shops and businesses are increasingly at risk of closure despite the UK government providing more than £210bn in emergency financial support.
Unemployment is rising at a faster rate than during the 2008 financial crisis and, with the governments furlough scheme coming to an end, the number of redundancies is rising at the fastest since records began.
Join our panel, with Guardian economics correspondent Richard Partington as chair, Torsten Bell, chief executive, Resolution Foundation and Maitta Fahnbulleh, chief executive, New Economics Foundation, as they discuss whether Sunak’s ”Winter Economy Plan” is enough to avoid economic peril amid the second wave in Covid-19. With more speakers to be announced.
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