Documents Hutton, Will 6 results

"In advance of the gathering of the G20 in London in April 2009, this report explains the scale of the economic challenge facing the world, describes the origins of the economic crisis, offers proposals for the regulation of the financial sector and makes the case for activist fiscal policy. So far politicians have focused their attention on the banking sector, but the policy instruments available will only be seen as legitimate if they are directly related to the preoccupations of citizens' daily lives – job security, pensions, prices. Moreover, policymakers must make a more serious effort to explain the case for open markets and describe how citizens and businesses will be supported through periods of disruptive change."

"Predicting a peak of 2.5 million unemployed and a worse recession than both the 1980s and 1990s, a new report by The Work Foundation urges the government to use every means at its disposal – monetary, fiscal, financial and through assorted labour market interventions – to boost the economy and protect employment. The package of measures it proposes includes: a comprehensive programme to boost bank lending, a one-off tax credit targeted at the poor, higher benefit payments to stimulate demand, a public works programme together, and an incentive scheme for employers to put workers on shorter hours rather than make them redundant."