No-deal Brexit or not, the UK has never been less prepared for recession

Alfie Stirling writes for New Statesman

Alfie Stirling wrote for the New Statesman about why the UK’s economic stabilisers need reinforcing with a Weekly National Allowance:

A country’s welfare system normally represents the third major recession fighting tool. It is known as part of the automatic stabilisers” for its ability to maintain a minimum level of spending during a downturn. In this way, social security would normally be just the first line of defence. But with monetary policy and active fiscal policy constrained (for economic and political reasons, respectively) the UK’s stabilisers are now among the last lines of defence as well.”

Read the article

If you value great public services, protecting the planet and reducing inequality, please support NEF today.

Make a one-off donation

£5 £10 £25 £50 £100

Make a monthly donation

£3 £5 £10 £25 £100