09 February 2021 - Late morning - Login for venue
Economic recovery from the pandemic is likely to be difficult and there is some danger that ‘Treasury thinking’ will resist innovative ideas that require further expenditure and investment. Many people in business, however, recognise that to avoid a repeat of the slow recovery from the 2008 financial crisis, new thinking is vital. In addition to investment in infrastructure and a transition to renewable energy, this could include an approach to benefits based on Universal Basic Income or Universal Basic Services that would, for example, stimulate aggregate demand, increase labour market flexibility and help reduce welfare, and law and order, crises. Jonathan Reynolds MP, Shadow Secretary of State for Work and Pensions, will lead an Industry Forum, virtual round table on the topic of ‘An integrated approach to pensions and benefits in recovery from the pandemic’.