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"Good argument" for government to act as insurer over coronavirus: Budget Office

"Good argument" for government to act as insurer over coronavirus: Budget Office | Insurance Business

"Good argument" for government to act as insurer over coronavirus: Budget Office

Britain’s independent budget office has said that there is a “very good argument” for the government to act as insurer against coronavirus losses for businesses.

A member of the Office for Budget Responsibility, Charlie Bean, told lawmakers that he thinks there is a very good argument to made for the state essentially acting as the insurer in these cases, according to Reuters. This comes ahead of an expected announcement of more help for companies by finance minister Rishi Sunak later today.

Bean also said that any attempt to forecast what would happen to the economy in the next year or two was “pie in the sky.”