Build Back Better: The Five Key Areas For a Post-Pandemic Recovery
The five key areas in which investment is essential to ensure a post-pandemic recovery that “builds back better”, have been laid out in a new report.
By taking action on infrastructure, education, innovation, the environment and local governance, the government can boost the confidence of households and businesses, and avoid fears of an economic depression becoming a self-fulfilling reality, the report authors say.
Strategy, Investment and Policy for a Strong and Sustainable Recovery: An Action Plan – which is published today by the Centre for Economic Performance (CEP) and the Grantham Research Institute on Climate Change and the Environment, both at LSE - warns that the Covid-19-induced recession must not mean a return to austerity.
In planning for recovery, the authors advocate a broad and bold strategy that can get the UK on track to reach net-zero emissions by 2050. Such a strategy should also focus on helping to improve outcomes for disadvantaged children in school, providing job guarantees for workers displaced in the crisis, strengthening the UK’s research and development capabilities and investing in productivity-enhancing sustainable infrastructure projects that create more liveable cities, cleaner air and improved wellbeing.
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