Talking Politics

David and Helen talk to the economist Diane Coyle about the long-term consequences of lockdown, for the economy, for society and for our well-being. How can we measure the costs? Who are likely to be the biggest losers? And what will it mean for how we structure our economies in future? Plus we discuss what will happen if we pull back from global supply chain and we ask whether inflation is on its way.Talking Points: The crisis is revealing weaknesses in the global economy.Previous events flagged vulnerabilities of global supply chains but not to this extent. And none of this seemed to be common knowledge in political circles. It has also further revealed existing inequalities.Will we have the data that allows us to track how we are doing as we come out of it? Even collecting the normal data will be difficult. For example, is an employee on furlough employed or unemployed? The Office of Budget Responsibility said that GDP might fall by a third, a generation of econ