In addition, those on low incomes are more likely to have lost jobs or pay, and less able to complete work tasks from home. Researchers warn the COVID-19 downturn is likely to “increase inequality between young and old”.

In addition, those on low incomes are more likely to have lost jobs or pay, and less able to complete work tasks from home. Researchers warn the COVID-19 downturn is likely to “increase inequality between young and old”.

Study suggests that 7% of global GDP will disappear by 2100 as a result of business-as-usual carbon emissions – including over 10% of incomes in both Canada and the United States.

A ‘radical’ plan by three members of the same family to boost UK growth has been named as one of the first winners of the £100,000 Institute for Public Policy Research (IPPR) Economics Prize, one of the world’s largest prizes in the discipline.