in a way you are both right.
the actual mortality rate of this when the dust settles may be less than 1% , our experts have said that they expect that since day 1.
however this disease is new and the NHS could not have managed with this on top of an existing stretched NHS at this time of year so it did need managing. Given the spread and numbers that need hospital treatment with this the nhs would simply not be able to cope and therefore we needed to make measures to help them . The nhs would be overwhelmed if we did nothing.
however the response needs to be proportionate , if this goes on too long the impact is going to be worse than the virus itself. Hopefully in my view until the end of April then a gradual relaxation hopefully.
not only are businesses going bust, people losing their jobs but we are spending billions supporting business , high in many cases that won’t recover anyway particularly if this is going to last months.
Don’t forget not only are we currently spending billions we are doing so at a time when the tax take has absolutely tanked. People not driving cars , so no tax from the petrol, people not flying so no aviation tax, no people moving house so no stamp duty, let alone businesses not trading for a few months so no tax take from these businesses or people.
if people think austerity was bad after the financial crash wait for this. This is already going to be hard enough, the longer the period of lockdown goes harder and longer it is going to take to recover.
people need to start throwing into the equation the hardship and severity of the after effects when they are considering how long current lock downs are going to go on for.