Tuesday, May 10, 2022

Britain urgently needs a task force on the cost of living

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RRemember when Rishi Sunak was a political superstar? In the heat of a global crisis – the Covid-19 pandemic – the Chancellor surprised many with the speed of his actions (apparently donning his orange jumpsuit to look like The Flash, DC Comics’ resident speed demon).

He picked up the phone and called the heads of the TUC and the CBI. The end result of the meetings that took place was the furlough program, which averted a jobs crisis, a potential withdrawal crisis, and a host of other economic problems that ensued.

It was a costly but inspired piece of policymaking, a testament to what active government can achieve when partnered with the expertise of outsiders.

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