No plans have been put in place to protect jobs or businesses in the event of future local lockdowns once the government’s Job Retention Scheme (JRS) ends, or indeed if there is a second wave requiring national lockdown measures.
For many people in this crisis, the state has not been able to insure them against sickness and sometimes catastrophic falls in income. Our social security system should be acting as an ‘automatic stabiliser’ in this recession, smoothing incomes and helping to maintain a level of demand in the economy. However so long as benefit levels are low and coverage is poor, it will not fulfil this function. While this is a comprehensive challenge and will be the focus of forthcoming work from IPPR, the government can and must go further to prevent growing debt and destitution in this crisis.
Snakes and ladders: Tackling precarity in social security and employment supportAcross the country, people are trying to make ends meet, build financial security and pursue their aspirations. But, in a vicious cycle of snakes and ladders, many are being pulled down into poverty.
Making markets: The City's role in industrial strategyTo tackle climate change, we need a significant increase in public and private capital investment.
Broken hearted: A spotlight paper on cardiovascular diseaseProgress on cardiovascular disease was a significant driver of better health and prosperity in the latter half of the 20th century, however progress has recently stalled – with indications it may be in reverse.