After coronavirus the government and business should agree to bring in a more caring capitalism

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According to Albert Einstein: “In the midst of every crisis, lies great opportunity.” With scientists suddenly back in fashion, Boris Johnson must grasp one.

After finally announcing generous 80 per cent wage subsidises of up to £2,500 per worker, aimed at avoiding large-scale job cuts, the government must ensure the coronavirus crisis results in a new deal between it and business to entrench a caring capitalism.

The idea has been floated before, whenever the Conservatives see Labour striking a chord with voters about the unfairness of the system, or those “left behind” by globalisation. David Cameron saw “good business” as part of his “progressive conservatism” but events, and austerity measures after the 2008 financial crisis, consumed his government.

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