Economics
In the News
The unequal impact of coronavirus
9th April 2020
Eight or so years ago, the newly-elected Conservative government trumpeted the fact that, in the aftermath of the financial crisis, "We're All In This Together". I'm afraid that this proved to be the hollowest of claims: austerity, and the inexorable rise of the super-rich, albeit only recently confirmed by revised ONS data, saw inequality rise.
So, will we fall for the same rhetoric in the wake of the coronavirus? I hope not. As I stated yesterday, coronavirus is going to worsen inequality yet further, both in terms of income but also in terms of opportunity, something that Emily Maitlis eloquently summarised in her piece to camera last night. This is the accompanying chunk of the show. Worth a watch.
“This is a health issue with huge ramifications for social welfare, and it’s a welfare issue with huge ramifications for public health.”
— BBC Newsnight (@BBCNewsnight) April 9, 2020
ICYMI: #Newsnight reported on #coronavirus and how the pandemic is widening social and economic divisions
WATCH 👉 https://t.co/8XTlYwTiSk pic.twitter.com/l167CK8JZV
Maitlis praised for 'extraordinary' opening to Newsnight https://t.co/3XX4YHXOfH
— Evening Standard (@EveningStandard) April 9, 2020
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