‘Raise sick pay’ to lower virus health and economic risk
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The report by Professors Sir Tim Besley and Sir Nicholas Stern warns that an abrupt and premature easing of restrictions would lead to a second wave of infections that would mean both a higher death toll and ultimately a greater hit to the economy.The report is published a day after data showed the UK suffered the biggest economic hit of the world's richest nations between April and June while also incurring the highest number of excess deaths to date in Europe.
"I think the furlough scheme in its current form is almost certainly going to have to be modified to be more targeted towards occupations that can't resume anywhere near their normal level of activity," said Sir Tim Besley, professor of economics at the London School of Economics and co-author of the report.
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