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How to restore economic confidence

Less rushing; more certainty

By Rory Macqueen  

Dominic Lipinski/PA Wire/PA Images

If economic forecasters were mildly frustrated by the government announcing an extension of furlough only hours before the scheme was due to end, for many whose jobs were on the line the timing was catastrophic.

The government was undoubtedly right to extend the Coronavirus Job Retention Scheme (CJRS)—as we at the National Institute of Economic and Social Research had called for since July. The economic damage from coronavirus estimated by the Office for Budget Responsibility alongside the Spending Review, while large in historical context,…

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