Skip to main content

Government passing blame for isolation impact to public

Virus 4937553 1920

After the House of Commons Science and Technology Committee met this morning (Wednesday 25 March) to scrutinise the UK government's response to the COVID-19 outbreak.

Professor Adrian Bell, Research Dean for Prosperity and Resilience at the University of Reading, said:

“The UK government is facing some criticism today as the economic impacts of its response to the COVID-19 outbreak become clearer. It feels to some as if the government’s tactic in recent days has been to blame the public for perceived bad behaviour in ignoring social distancing, thereby requiring the imposition of more severe isolation measures and the economic costs they bring."

Professor Adrian Bell

Associate Pro-Vice-Chancellor Research (Prosperity and Resilience)
Published 30 March 2020
Topics:
Press releases

You might also like

Conduct of Business Regulation in a retail context by Latha Balakrishnan

15 March 2015
Ms Latha Balakrishnan will be delivering a guest lecture for students taking the Governance and Compliance in Financial Services module, MSc Capital Markets, Regulation and Compliance.The guest lecture will take place on Tuesday 17th March, 4-6 pm at the ICMA Centre.

Video: Dante's Inferno and Finance in the middle ages

17 October 2016
"Today you might lose your knighthood, but in the middle ages you'd end up in hell"

The LIBOR/ TIBOR ‘Scandal’

12 February 2013
The large fine imposed on RBS last week suggests that a ‘scandal’ took place in the banking world over the setting of LIBOR. Yes – there was probably systematic mis-pricing of LIBOR which enabled some traders and some banks to profit at the expense of others. But the LIBOR issue simply highlights a much wider problem in financial markets which is that many ‘prices’ quoted in markets are not market prices at all. Instead they are prices based on computer models, matrix pricing or sheer guesswork, which may or may not produce ‘accurate’ prices. The reason for using computers models and guesswork is that in many financial products there actually are no transactions at all or very few even over periods of some weeks or months and thus no market prices.