Economics
U.K.’s Economic Dilemma Is Mass Layoffs or Addiction to Aid
- Government is pushing ahead with phasing out job support
- Some jobs may never return, others will be created post-crisis
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U.K. Prime Minister Boris Johnson’s government faces a coronavirus dilemma, and how it responds could set the tone of the economy for years to come.
If it withdraws its massive support for jobs and wages too soon, it’ll tip Britain into an unemployment crisis just as other risks, such as Brexit, threaten to clobber growth.