1/6 A final twitter plug for the lecture I delivered to @ActuaryCompany this week on the lessons to learn, as a nation, from covid-19. I asked five questions, deliberately taking a wider, stand-back, view of what has happened so far...actuariescompany.co.uk/chris-hopson-c…
2/6 Q1. Do we need to improve the way we manage infrequent, but very high impact, way of life changing, events such as global pandemics? Many organisations (e.g. NHS trusts) spend a lot of time thinking about how to better manage risk. Do we now need to do this as a nation?
3/6 Q2. Most of big, way of life threatening, risks are global - they transcend nation state boundaries. So do we, as a nation, need to do more to strengthen the currently weak international architecture to manage those risks? We are in a potentially good position to do so.
4/6 Q3. Covid-19 has not just shone a bright light on the inequalities in our nation, once again, it's seriously exacerbating them. So what, as a nation, are we going to do to start addressing those inequalities? Can we generate a new social compact like we did after World War 2?
5/6 Q4. Covid-19 has shown once again that our machinery of state is too centralised. Do we need to devolve more power? It's striking that in many of the areas where we have struggled - PPE, testing, care homes - there have been strong demands for more local solutions.
6/6 Q5. Covid-19 has transformed our public finances given the size of the Government borrowing required to cover the costs. What's the future of those public finances given some argue that we are now entering a period of persistently low inflation and much cheaper borrowing?
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