1 May 2020

Wage subsidy alternative 'student loan style'?

From Nine To Noon, 9:44 am on 1 May 2020
New Zealand currency held fanned out in someones hand

Photo: 123rf.com

Could student loan style lending for households, as well as businesses, help our ailing economy and work better than wage subsidies?

Richard Meade is Principal Economist at Cognitus Economic Insight, and Senior Research Fellow at AUT University.

He says his plan recognises that neither businesses nor households can weather the COVID19 economic storm unless the other does too.