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Will time-limited vouchers help kick-start an economic recovery?

Geoff Riley

6th July 2020

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How should the UK government drive the recovery? Torsten Bell from the Resolution Foundation has an idea.

Bell's proposal is a for the government to give out household ‘High Street Vouchers’ worth £500/adult & £250/child, providing a £30 billion kickstart to the economic recovery that focuses support on the firms and workers hardest hit by the crisis. The vouchers would have to be spent within one year and the time stamp could be delayed if retail and hospitality is hit by a second wave of the covid-19 virus.

What do you think of this idea? Is it a more effective stimulus policy than cutting VAT? Read more on the Resolution Foundation website and sign up for their policy launch.

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Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD and Revision conferences in the UK and overseas.

@tutor2uGeoff

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