Coronavirus and the legacy of austerity

In the last few months we’ve seen the government promise billions in support for people and businesses impacted by coronavirus. Supporters of austerity claim the last decade of cuts is what enabled the government to put money into these schemes now. But is this true? Some of our public services were barely able to cope, even before the virus struck. And so what effect did austerity have on our pandemic preparedness? And now that we’re entering another recession, will the government turn to austerity once again? On this episode Ayeisha looks at Covid-19, austerity, and how we can respond to this crisis differently with NEF senior economist, Frank van Lerven. If you’re craving more chat about this, we’ll be following up this discussion in an online briefing over Zoom on Thursday 7 May. We’ll be talking to Frank again, as well economists Eric Lonergan & Johnna Montgomerie. Register for your place here https://bit.ly/2xt0qK8 ----- Researched by Margaret Welsh. Produced by Becky Malone. Music by A. A. Aalto and Poddington Bear, used under Creative Commons licence. Enjoying the show? Tweet us your comments and questions @NEF! The Weekly Economics Podcast is brought to you by the New Economics Foundation. Find out more at www.neweconomics.org