Onward Event Series: Bounce Back Bigger

2020-07-09T14:32:23+00:00 June 22nd, 2020|Event, Onward|

We are delighted to announce a major series of virtual events, Bounce Back Bigger, over the coming weeks to inform the policy debate on the economic recovery and present radical ideas to get jobs, investment and wages growing as strongly as possible.

The events will focus on the key challenges for ministers as we emerge from lockdown and seek to kickstart growth:

1. Scar tissue: How can we prevent long-term damage to jobs and earnings?

The latest data from HMRC shows that vacancies decreased by approximately 60% in the last three months, the number of hours worked is down a record 94.2 million hours year on year and the claimant count is at 2.8 million. The end of the Job Retention Scheme is expected to coincide with deep job losses, pushing unemployment towards levels not seen since the 1980s and the risk of permanent labour market scarring. How can we avoid it? This event will include contributions from:

  • Amber Rudd, Former Secretary of State for Work and Pensions.
  • Steffan Ball, Former Chair of the Council of Economic Advisers to Philip Hammond 
  • Richard Davies, Chief of Staff at the LSE Growth Commission & Former Special Adviser to George Osborne.

When: Monday 29th June

Time: 0900-1030

Where: This event will take place via Zoom webinar. Please be aware that places are limited. We will also be streaming the event on Onward social media channels

If you would like to join the discussion, please register here.

2. Breathing space: How do we ensure excessive debt does not hamper the recovery?

The CityUK estimate that by March 2021, UK businesses are likely to face between £97bn to £107bn of unsustainable debt. Public sector net debt exceeded more than 100 per cent of GDP on Monday for the first time since 1963. Households went into the crisis with high levels of debt. The risk is that excessive debt creates a paradox of thrift effect as firms, governments and households seek to deleverage over jobs, investment and consumer spending. What can ministers do to mitigate this risk.

  • Professor Jason Furman, Harvard University and Chair of the Council of Economic Advisers to President Obama, 2013-2017
  • Rupert Harrison, Blackrock and Chair of the Council of Economic Advisers to George Osborne, 2010-2015

When: To be announced

Where: This event will take place via Zoom webinar. Please be aware that places are limited. We will also be streaming the event on Onward social media channels

We will announce registration in due course. 

3. Generation C-19: How can we avoid a crisis for young people during the pandemic?

History suggests that young people fare worst in recessions and coronavirus is no different. Young people are likely to be the first to be fired, last to be hired, and suffer some of the most damaging scarring from unemployment. The C-19 generation went into the crisis with some of the lowest homeownership and job security rates in recent history. How can we ensure that this crisis does not curse a generation?

  • Seema Kennedy, Former Public Health and Immigration Minister
  • Laura Trott MP, MP for Sevenoaks
  • Lord David Willets, Executive Chair, Resolution Foundation

When: To be announced

Where: This event will take place via Zoom webinar. Please be aware that places are limited. We will also be streaming the event on Onward social media channels

We will announce registration in due course. 

4. Payback time: When and how to balance the books?

The level of public debt to GDP just rose above 100% for the first time and the Government is expected to spend £1 trillion for the first time this year. The extraordinary circumstances of the pandemic have led to extraordinary spending commitments. It will need to paid back but when and how?  This event will explore the case for tax and borrowing, and consider when ministers’ interventions will be most effective.

  • Tim Pitt, Former Economic Adviser to Sajid Javid and Philip Hammond
  • Bim Afolami MP, MP for Hitchin and Harpenden
  • Paul Johnson, Director of the Institute for Fiscal Studies

When: To be announced

Where: This event will take place via Zoom webinar. Please be aware that places are limited. We will also be streaming the event on Onward social media channels

We will announce registration in due course. 

5. Levelling Up Even More

The Government is committed to levelling up regional growth for all parts of the UK, including the Red Wall seats that it won in the election. We know that balanced economies grow faster and that the coronavirus crisis is likely to exacerbate existing regional divides around unemployment, productivity and claimancy. Ministers therefore face an uphill battle to achieve their central economic mission for this Parliament and ensure talent everywhere has the chance to succeed. How can we ensure all regions prosper in the recovery?

  • Nick Timothy, Former Chief of Staff, No.10 and author, Remaking One Nation
  • Andy Street, Mayor of the West Midlands (invited)
  • Other speakers to be confirmed

When: To be announced

Where: This event will take place via Zoom webinar. Please be aware that places are limited. We will also be streaming the event on Onward social media channels

We will announce registration in due course. 

If you have any questions regarding the series or would be interested in sponsoring the events, please contact [email protected]