With COVID-19 infections surging and the government turning to much broader and tighter restrictions, we fear that the economic recovery will soon go into reverse. That’s why we think the Chancellor will be forced to step up his support, perhaps by bolstering the Job Support Scheme so that instead of paying 66% of employee salaries the government pays 80%. We also think the Monetary Policy Committee will announce at least another £100bn of QE at its next meeting on 5th November.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services