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Resolution Foundation calls for more radical economic policies to address coronavirus pandemic

MORE radical economic policies need to be taken by the government in response to coronavirus amid “huge uncertainty” over how long the crisis will last, a think tank has advised.

The Resolution Foundation said ministers should add to job and finance schemes which have already been announced by preparing new policies.

A six or 12-month lockdown could lead to an economic recovery period of between two and five years and permanently hit economic output by up to 7 per cent, it warned.

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