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The business bailout scheme should avoid moral hazard and protect taxpayers

    To say this would be a novel approach for the Treasury would be an understatement. But this would hardly be the first break with orthodox Treasury thinking that we’ve seen in recent months – the millions of people currently being paid by the state via the furlough scheme provides an all too obvious example of that.

    But the furlough scheme, and other Government interventions like the Future Fund, Bounce-Back Loans and Coronavirus Business Interruption Loans, all show the value of Government planning before such schemes get launched.

     

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    Date added: Thursday 4th June 2020