London | The British government has unloaded another £30 billion ($54 billion) wheelbarrow of fiscal stimulus onto the economy, in a bid to prevent the COVID-19 recession driving unemployment towards GFC levels and beyond.
The splurge on job retention and creation schemes is designed to avoid a looming employment cliff-edge: the expiry of the government's furlough schemes in October.
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Hans van Leeuwen covers British and European politics, economics and business from London. He has worked as a reporter, editor and policy adviser in Sydney, Canberra, Hanoi and London. Connect with Hans on Twitter. Email Hans at hans.vanleeuwen@afr.com
