Sun. Jun 20th, 2021

Discover what’s driving the global economy and what it means for policy makers, businesses, investors and you with The New Economy Daily. Sign up here

The U.K. government should expand its social safety net to expand furlough-type payments to those who lose their jobs even after the pandemic, said a prominent research group campaigning for those on low pay.

The Resolution Foundation said the government should introduce a form of earnings insurance, where unemployment support is paid at 80% of previous pay for three months. The measure would cost 3.25 billion pounds ($4.5 billion) a year if the jobless rate was similar to the level in 2009 and less than 1 billion pounds if it were near 2019 levels.