Health
“Increase salary for illness” to reduce viral health and financial risk
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A new study suggests that there is a need to increase pay for statutory illnesses and extend the complete scheme in a flexible way.
This will allow us to better manage the “poor” trade-offs between life and livelihoods as the UK economy resumes.
These are two recommendations for a new report from the Royal Society.
He says that economic and health data should be combined to minimize loss of life and produce the best economic results. The government has already said it protects 9.6 million jobs.
Sir Tim Bethley and Sir Nicholas Stern warn that abrupt and premature deregulation of regulations will trigger a second wave of infectious diseases, leading to both an increase in death toll and ultimately a major economic blow. doing.
Flexible Farrow
The report was issued the day after the data showed that Britain suffered the greatest economic blow to the world’s richest countries from April to June, while at the same time suffering the most excess deaths in Europe to date. Will be done.
A statutory sickness allowance of £95.85 per week is claimed to be a major impediment to worker self-separation as the complete system that has supported wages for 9.6 million workers has been phased out. ..
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This makes efforts to successfully implement tracking and separation schemes nearly impossible.
Revising sick pay policies and expanding more flexible institutions can help mitigate both health and economic risks.
“Targeted” help
The report argues that phasing out the current complete scheme by October is not sufficiently sensitive to the risk of a second wave of transmission.
Sir Tim Besley, a professor of economics in London, said, “The complete scheme in its present form will almost certainly need to be modified to cover occupations that cannot be resumed near normal activity levels. “. Co-author of the Faculty of Economics and the report.
“If people are called for self-separation, they need to be buffered against their economic impact.”
Professors Stern and Besley also recommend minimizing staff rotation between different shifts and implementing a funded work test. Especially in areas where close contact is unavoidable.
Repeat risk
High quality data is needed to combine economic and health data to optimize policy response. This report allows you to gather more detailed information from financial institutions to track the economic impact of policy interventions.
Without it, the report says, Britain is at risk of repeating the worst suffering experiences of both worlds.
The government claims it protected jobs and provided assistance to those in need.
A government spokesman said, “Protecting more than 9.6 million jobs through the full scheme, supporting more than 2 million self-employed people, and paying billions of loans and grants to hundreds of billions of companies. “.
“And for the people who need it the most, we’ve provided an unprecedented support package, including £9.3 billion in welfare system injections, mortgage holidays and additional support for renters.
“We also pay sick salaries from day one, with a maximum of 250 staff to reimburse employers for up to two weeks of sick salary. Employers may pay more than the legal rate. Yes, and in many cases we encourage this.”
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