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

2020-06-26T08:45:54+00:00 June 26th, 2020|Event, Onward|

Bounce Back Bigger is a major series of events which aims to inform the policy debate on the economic recovery and present radical ideas to get jobs, investment and wages growing as strongly as possible. 

On Tuesday 14th July we will be hosting the third event in this series which will consider 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?

We are very pleased to announce there will be contributions from Professor Jason Furman, Professor of Economic Policy at Harvard University and Chair of the Council of Economic Advisers to President Obama, Peter Oppenheimer, Head of Macro Research in Europe at Goldman Sachs, Susan Lund, Partner at McKinsey & Company and Leader of the McKinsey Global Institute and Rupert Harrison, Portfolio Manager at BlackRock and Chair of the Council of Economic Advisers to George Osborne.

When: Tuesday 14th July

Time: 1500-1630

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.

 

 

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