Chippy_boy
Well-Known Member
I am sorry to hear that mate - although glad to hear you will cope, obviously.I’m fully expecting to be out of work by the end of it. I’m fortunate that I’d be able to cope for a year or two in that event (by which time I’d hope for everything to settle down and work for me again) but there may be tens of thousand less fortunate.
But I've no idea how the many millions without adequate financial reserves will cope.
I am all for budget responsibility but in times of war, people expect and accept that public borrowing has to go through the roof. KPI's and targets need to be reset and to be commensurate with the times. This is the situation now I think. There is no long term gain from allowing otherwise sound businesses to fold, in fact the opposite is true. We can come out of this nightmare much quicker if this is - to the greatest extent possible - an 18 month "blip", where life carries on pretty much as normal in 18 months time. That cannot happen if half the businesses have gone under and unemployment is 10x what it is now.
So I would urge our government to take a more Macron-like approach. It will be bad enough for people having to stay indoors for a year, but doing so whilst worrying yourself sick over money, can only make things much worse. We need to pump vast amounts of funding in, to keep businesses afloat so that they can continue to pay their staff. It will costs tens of billions, perhaps 100 bn. But needs to be done.