Probably, yes
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Everything - and I mean literally everything to with a Nation's fiscal balance sheet which includes taxation, employment, all business whatever size - is critically dependent on it's citizens spending money on goods and services. I'm not an economist but I can well believe a month's inactivity will render 50% of UK business in dire straights, and 50% closed down. Extrapolate that to '14 weeks', and there will be very little left of our - or any- western economy. In addidtion the Govt. will need to put close to a £trillion into the economy, social care/services/relief payments etc., whilst losing a massive chunk of it's income from taxation and corporation taxes etc. Coupled with the fact that businesses trying to borrow to stay afloat won't get anything from the Banks, and larger, stock quoted businesses will be so worthless based on share price that they will also find it difficult. And let's not get started on the Banks themsleves.
Last night I looked at Boris as he delivered his update. He didn't looked worried - he looked scared..
Apparently the government advisors realized that the course of action the government had been taking would lead to 250000 deaths in the UK. And intensive care units being 8x over capacity for the next 12 months.
Could someone go and tell them to stop worrying because organ Morgan said it's all ok and less dangerous than the normal flu.
Attachment 3603
The red line is the intensive care capacity in the UK
I don't know why we didn't all get imposed self isolation a month ago, short term pain for long term gain.
It's going to be like this for 3 months now I'd say, especially because for some reason schools are still open.
The effect on the economy is going to be huge, I can't imagine how most businesses are going to survive this.
https://www.imperial.ac.uk/media/imp...16-03-2020.pdf
This is the report linked in the article. It is all in there
never mind quarantine they will have riots on there hands next...
im already an out of work nightclub dj... club has not yet officially announced it will close but with no help from gov regarding health or police care... how can they guarantee your safety so... public liability insurance will be void and without that you cant hold a mass gathering in a venue... so thats me out of work already
my mrs is out of work at the end of the week... her store she works in has done there own forecast model and will be shutting up shop laying everyone off... yes she will get a little payout but it will amount to around £500 which wont buy a few packs a bog roll at this rate... so in a matter of days we are both out of work... yeah i know millions if not billions worldwide will soon be too
but its all bonkers... folks cant go to bars clubs theatre but my kids can go to school on stinking buses and mix with 1,500 other kids plus teachers and parents... ???
cant go to the pub where there a few people but can go to school... ok
flybe went into admin like a day into this drama... ok give or so a few days and they were already in deep trouble but a day... back when we were all laughing this off for flu... aviation has been hit hard obviously, grounding fleets of planes laying off thousands of staff... but before they announced border cut offs and incoming flights from other countries ??? ok
folks will be destitute and will riot and loot what ever the stores have left...im sure of it
how is all this happening righ now