Magazine
Latest Issue

We must soon reckon with the most contentious economic question: who pays for this crisis?

The public finances must be repaired but how to share the burden?

By Tim Pitt  

Chancellor Rishi Sunak Photo: HENRY NICHOLLS/WPA Rota/Press Association Images

Universal credit claims soaring. Nearly a third of businesses laying off workers. Economists predicting the steepest collapse in GDP on record. Statistic after statistic justifying the unprecedented interventions overseen by the chancellor to deal with the economic impact of Covid-19.

Implementation issues aside, the approach has rightly drawn broad support. Economists and politicians of all persuasions agree the Treasury should throw the kitchen…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

We want to hear what you think about this article. Submit a letter to letters@prospect-magazine.co.uk

More From Prospect