Richard Meade: Economist says Covid-19 loan scheme would be a win-win for businesses and the Government
Early Edition with Ryan Bridge · Newstalk ZB
September 14, 20213m 12s
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Show Notes
The idea of a student loan-type scheme is expected to be a win-win for businesses and the Government.
Treasury's being asked to introduce it to help companies get through the economic impact of Covid-19.
The idea's come from Cognitus Economic Insight principal economist, Richard Meade.
He told Kate Hawkesby the Government would have about 14 percent less debt, if the scheme was put in place.
"But the level of support offered is about two and a half times higher than wage subsidies, because you're ensuring businesses revenue lines, not just one of the cost lines."
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Treasury's being asked to introduce it to help companies get through the economic impact of Covid-19.
The idea's come from Cognitus Economic Insight principal economist, Richard Meade.
He told Kate Hawkesby the Government would have about 14 percent less debt, if the scheme was put in place.
"But the level of support offered is about two and a half times higher than wage subsidies, because you're ensuring businesses revenue lines, not just one of the cost lines."
LISTEN ABOVE
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