February 27, 2020 - 4:20pm
Hong Kong’s government has announced that it’s handing out HK$10,000 to every adult citizen. This free gift (worth about £1,000) is meant as a shot in the arm for an economy besieged by political instability and the coronavirus.
To date, it’s the most significant example of helicopter money — but if a pandemic pushes the world into economic crisis, many other governments could resort to the same measure.
From late last year, here’s our plain English guide to helicopter money and what it might mean for you…
Join the discussion
Join like minded readers that support our journalism by becoming a paid subscriber
To join the discussion in the comments, become a paid subscriber.
Join like minded readers that support our journalism, read unlimited articles and enjoy other subscriber-only benefits.
Subscribe