Berry, Craig;
Bailey, Daniel;
Beel, David;
O’Donovan, Nick;
(2022)
Building back before: fiscal and monetary support for the economy in Britain amid the COVID-19 crisis.
Cambridge Journal of Regions, Economy and Society
, Article rsac024. 10.1093/cjres/rsac024.
(In press).
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Abstract
This paper explores the local impact of various forms of fiscal and monetary support for UK-based companies in the context of disruption caused by COVID-19 and associated public health restrictions, including support for household incomes (and therefore private consumption) via the ‘furlough’ scheme, the Covid Corporate Financing Facility and various national and local business support schemes. It shows that the economic crisis associated with the pandemic has been construed to justify interventions that preserve the spatially uneven status quo of the UK’s model of economic development, protecting business from harms arising, apparently, from the public’s reaction to the pandemic. To some extent, COVID-19 has been treated as a localised phenomenon that the national economy requires protection from.
| Type: | Article |
|---|---|
| Title: | Building back before: fiscal and monetary support for the economy in Britain amid the COVID-19 crisis |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1093/cjres/rsac024 |
| Publisher version: | https://doi.org/10.1093/cjres/rsac024 |
| Language: | English |
| Additional information: | © The Author(s) 2022. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. This is an Open Access article distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivs licence (https://creativecommons.org/licenses/by-nc-nd/4.0/), which permits non-commercial reproduction and distribution of the work, in any medium, provided the original work is not altered or transformed in any way, and that the work is properly cited. For commercial re-use, please contact journals.permissions@oup.com |
| Keywords: | COVID-19, fiscal policy, monetary policy, economic crisis, the state, spatial unevenness |
| UCL classification: | UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > Inst for Innovation and Public Purpose UCL > Provost and Vice Provost Offices > UCL BEAMS UCL |
| URI: | https://discovery-pp.ucl.ac.uk/id/eprint/10152561 |
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