Coronavirus: will the pandemic change our economic system?

Rishi Sunak is preparing to phase out the coronavirus wage-subsidy scheme for furloughed workers as part of the government’s plans to end the UK lockdown.

The chancellor is expected to announce that the coronavirus Job Retention Scheme will be scaled back from July, as restrictions on business are lifted.

The pandemic has put unprecedented strain on both the British and world economy – prompting questions about how the crisis may change economic systems in the long term.

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