Featured Pathways

More pathways

Banking Essentials - Part I

This pathway will walk us through the basics of banks, starting with some of the different types and their main functions, then starting to look at the regulation faced by the banks, both before and after the Global Financial Crisis.

Greenwashing

Greenwashing is the act of distributing false information about something being more environmentally friendly than it actually is.

More pathways

Book a demo

Pricing

Ready to get started?

Plans & Membership

Our Platform

Expert led content

+1,000 expert presented, on-demand video modules

Learning analytics

Keep track of learning progress with our comprehensive data

Interactive learning

Engage with our video hotspots and knowledge check-ins

Testing & certification

Gain CPD / CPE credits and professional certification

Managed learning

Build, scale and manage your organisation’s learning

Integrations

Connect Finance Unlocked to your current platform

Featured Content

More featured content

Tackling the Cost of Living Crisis

In this video, Max discusses the cost-of-living crisis currently enveloping the UK. He examines its impact on households as well as the overall economy.

CSR and Sustainability in Financial Services

In the first video of this two-part video series, Elisa introduces us to sustainability. She begins by looking at the difference between sustainability and corporate social responsibility, two terms that can be easily confused.

More featured content

Book a demo

Pricing

Ready to get started?

Featured Pathways

More pathways

Banking Essentials - Part I

This pathway will walk us through the basics of banks, starting with some of the different types and their main functions, then starting to look at the regulation faced by the banks, both before and after the Global Financial Crisis.

Greenwashing

Greenwashing is the act of distributing false information about something being more environmentally friendly than it actually is.

More pathways

Book a demo

Pricing

Ready to get started?

Plans & Membership

Our Platform

Expert led content

+1,000 expert presented, on-demand video modules

Learning analytics

Keep track of learning progress with our comprehensive data

Interactive learning

Engage with our video hotspots and knowledge check-ins

Testing & certification

Gain CPD / CPE credits and professional certification

Managed learning

Build, scale and manage your organisation’s learning

Integrations

Connect Finance Unlocked to your current platform

Featured Content

More featured content

Tackling the Cost of Living Crisis

In this video, Max discusses the cost-of-living crisis currently enveloping the UK. He examines its impact on households as well as the overall economy.

CSR and Sustainability in Financial Services

In the first video of this two-part video series, Elisa introduces us to sustainability. She begins by looking at the difference between sustainability and corporate social responsibility, two terms that can be easily confused.

More featured content

Book a demo

Pricing

Ready to get started?

Book a demo

Pricing

Ready to get started?

Social Inequalities Caused by the COVID-19 Pandemic

Social Inequalities Caused by the COVID-19 Pandemic

Adrian Pabst

Deputy Director: National Institute of Economic & Social Research

This video will discuss the social impacts caused by the COVID-19 Pandemic. Adrian outlines the impacts we've all felt, but digs deeper and explains that it has been far from an equal impact across the country.

This video will discuss the social impacts caused by the COVID-19 Pandemic. Adrian outlines the impacts we've all felt, but digs deeper and explains that it has been far from an equal impact across the country.

Subscribe to watch

Access this and all of the content on our platform by signing up for a 7-day free trial.

Social Inequalities Caused by the COVID-19 Pandemic

12 mins

Key learning objectives:

  • What was the impact of Covid-19?

  • How has the impact of Covid-19 been unequal?

  • What policy interventions can be introduced to bolster growth and prosperity?

Overview:

Covid-19 has had a devastating effect upon the poorest sections of society. The distributional impacts are highly asymmetric, with poorer families, most affected industrial sectors and low-paid employees suffering greatly. Sustained mitigation policies against these adverse impacts are urgent. This may come in the form of debt forgiveness or better access to funding for firms.

Subscribe to watch

Access this and all of the content on our platform by signing up for a 7-day free trial.

Summary

What was the impact of Covid-19?

Reminded of our vulnerability and dependence on one another, we were also required to abandon our workplace, suspend our social life and “stay at home to save lives' '. Covid accelerated and amplified existing inequalities – disparities of wealth, power and social status.

Just as the pandemic led to the loss of millions of lives and severe long-term health conditions for many more, it also brought to light and exacerbated deep economic and social scarring that hit the most vulnerable members of society the hardest: the unemployed; the homeless; those in precarious jobs; single parents; the elderly; the lonely, young children; teenagers; women in abusive relationships; migrants; asylum seekers.

How has the impact of Covid-19 been unequal?

  • Health inequalities have widened, with many more members of ethnic minorities either dying or having ‘long Covid’
  • Poor housing has left millions unable to do remote working while also home-schooling their children
  • Essential workers have risked their lives to serve their community and country.
  • The pandemic has also caused a shocking increase in the number of people who have needed to use food banks
  • Sharp increase in the number of people who live in destitution. By ‘destitution’ we mean a weekly income so low (that is, £70 for a single adult, £140 for a couple with children after housing costs) that basic essentials are unaffordable

What are some other long term issues that need addressing?

  • Low-wage growth
  • Slow productivity
  • Inequalities across regions and between groups

What policy interventions can be introduced to bolster growth and prosperity?

  1. Align jobs with skills, including retraining and other labour-market interventions after the end of furlough, so that we reduce unemployment and fill vacancies in areas such as health and social care; that, in turn, requires a substantial investment in vocational and technical training;
  2. Levelling up of transport connectivity and infrastructure; E.g. upgrade existing transport links and improve cross-country connections
  3. Better access to funding for firms; capital provision is important for small and medium-sized enterprises not concentrated in London
  4. Debt forgiveness in order to break the cycle of poverty, rising debt and unaffordable interest rates (as with payday loans). We need to write off some debt in order to help people escape from destitution.

Subscribe to watch

Access this and all of the content on our platform by signing up for a 7-day free trial.

Adrian Pabst

Adrian Pabst

Adrian is Deputy Director at the National Institute of Economic and Social Research. His research has a focus on political theory, the political economy and public policy. Adrian read Economics at the University of Cambridge and then completed a Masters at the London School of Economics, before returning to Cambridge to undertake his PhD.

There are no available videos from "Adrian Pabst"