The Telegraph reports today that the Chancellor, Rishi Sunak, has told the House of Lords Economic Affairs Committee that the country is about to be hit by “a severe recession, the likes of which we haven't seen”. He spoke of the damage long term unemployment can have on health; according to the Institute for Fiscal Studies, a 2% fall in in employment could lead to a million more with chronic health problems.
The coming economic crisis could prove to be more damaging to health and wealth than covid-19. Can the country afford stay in lockdown for very much longer?
20th May 2020