LONDON (Reuters Breakingviews) – Policymakers want to heal the economic wounds caused by Covid-19. Unfortunately, they are driving without headlights on an unfamiliar road.
The confusion starts with public health. It would be useful, to say the least, if politicians, central bankers, business leaders, financiers and other big decision makers knew what to expect from the coronavirus. Instead, they have to base their decisions on guesswork.
Take Rishi Sunak, Britain’s finance minister. He has to decide how long to keep subsidising the salaries of workers who have been sent home because their employers lack the revenue needed to pay them. His plan to end the current generous arrangements in October look premature, set against the rising number of positive virus tests. Stricter limits on social gatherings, announced by Prime Minister Boris Johnson on Wednesday, are likely to dampen spirits and slow down rehiring.
However, the declining number of