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Professor David Miles CBE - Extraordinarily Costly: Why Lockdown 2.0 Could Plunge UK Into Double Dip Recession | #LondonRealArmy

Professor David Miles CBE - Extraordinarily Costly: Why Lockdown 2.0 Could Plunge UK Into Double Dip Recession | #LondonRealArmy

Released Sunday, 15th November 2020
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Professor David Miles CBE - Extraordinarily Costly: Why Lockdown 2.0 Could Plunge UK Into Double Dip Recession | #LondonRealArmy

Professor David Miles CBE - Extraordinarily Costly: Why Lockdown 2.0 Could Plunge UK Into Double Dip Recession | #LondonRealArmy

Professor David Miles CBE - Extraordinarily Costly: Why Lockdown 2.0 Could Plunge UK Into Double Dip Recession | #LondonRealArmy

Professor David Miles CBE - Extraordinarily Costly: Why Lockdown 2.0 Could Plunge UK Into Double Dip Recession | #LondonRealArmy

Sunday, 15th November 2020
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Professor David Miles CBEĀ is a British Economist and Professor of Financial Economics atĀ Imperial CollegeĀ in London, having previously served as a member of theĀ Bank of Englandā€™s Monetary Policy Committee.

In a career spanningĀ 35 years, Professor Miles has held positions in some of the worldā€™s most prestigious City institutions, including as Chief UK Economist for bothĀ Morgan Stanley BankĀ andĀ Merrill Lynch London, and board member and Non-Executive Director for The Financial Services Authority.

He is also a Member of the Council of Economic Advisors toĀ Her Majestyā€™s TreasuryĀ and was awarded aĀ CBEĀ in 2016 for his services to monetary policy.

With research interests spanning areas including housing, financial markets, financial stability and banking, and the interactions between financial markets and the wider economy, Professor Miles is a man whose insights are much sought after and highly respected.

During the recent crisis, Professor Miles produced a detailed report demonstrating that even if the first lockdown had savedĀ 500,000 lives which were initially estimated byĀ Professor Neil FergusonĀ also of Imperial College (a figure which David regarded as ā€œabsurdā€), the costs were even greater than the value of the lives saved.

As more national lockdowns are imposed across the world, here in the UK the government continues to support the economy while restricting the freedoms of its citizens. WithĀ 25% of the countryā€™s workforce being paid for by the government, an extended furlough scheme announcement, and gloomy economic forecasts across a range of sectors, Professor Milesā€™ interests and expertise have never been more relevant.

With an understanding of the consequences of even the smallest changes to our economic and financial structures, Professor Miles has been quick toĀ warn against a second major lockdown.

Tune in to watch what will undoubtedly beĀ one of the most revelatory interviewsĀ around theĀ economics of the government response to Coronavirus, the subsequent pandemic, and lockdown restrictions.

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