Editorial: The government will play a central role in enabling an economic recovery after the pandemic. It can pursue strategic targets by taking equity stakes in some rescued companies
During his four months in post, the chancellor, Rishi Sunak, has shown a commendable willingness to jettison old orthodoxies regarding state intervention in the economy. The job retention scheme, introduced as Britain locked down in late March, made the government the employer of last resort of an estimated 8.4 million workers at a cost of £14bn a month.
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