Preparing for a crisis: The case for social insurance

Preparing for a crisis: The case for social insurance

IEA Conversations

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Dealing with an unforeseen crisis is a challenge for any government. But as the IEA’s Director General Mark Littlewood points out in today’s Times, we already have a tried-and-tested method of dealing with one-off shocks – namely, insurance. Our system of national insurance has changed dramatically since it was first introduced by David Lloyd George, and is now, to all intents and purposes, merely another form of general taxation, used to fund ev...
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Dealing with an unforeseen crisis is a challenge for any government. But as the IEA’s Director General Mark Littlewood points out in today’s Times, we already have a tried-and-tested method of dealing with one-off shocks – namely, insurance. Our system of national insurance has changed dramatically since it was first introduced by David Lloyd George, and is now, to all intents and purposes, merely another form of general taxation, used to fund ev...
Read More