Government investment in green technology and infrastructure is needed to create thousands of jobs and prevent a recession.
Working with unions and employers, the government has put in place the Job Retention Scheme and self-employed income support schemes, protecting the jobs and incomes of millions of workers during the coronavirus crisis.
But more is needed, and fast. Without further bold action from the government, we risk huge losses of jobs and livelihoods and possibly the deepest recession since the 1930s. The OECD estimates that unemployment could hit 11 per cent this year. But this is not inevitable, and action taken now can prevent the despair of mass unemployment.Continue reading