Recession

Browse the articles related to this topic below.

The price Britain paid for lockdown was colossal. Was there an alternative? – The Guardian

Post author By EvidenceNotFear
Post date 12 February 2023

Meanwhile, evidence is mounting of the long-term consequences of quarantining the country during lockdown. There were warnings at the time that keeping people under a form of house arrest would lead to rising loneliness, mental illness, domestic abuse and childhood obesity; a growing school attainment divide between pupils from rich and poor homes; an increase in hospital waiting lists and a rise in undiagnosed cases of cancer. All of which have come to pass. Only last month, for example, a report by the House of Commons Library expressed concern that the estimated rate of absence from school in the current academic year was 7.8% – compared with 4.8% in 2019-20.

https://archive.today/2023.02.12-113815/https://www.theguardian.com/business/2023/feb/12/price-britain-paid-lockdown-colossal-alternative-recession-austerity-stagnation

Tags Austerity, China, Collateral Damage, COVID-19, Economy, Employment, G7, Government, Lockdown, Policy, Poverty, Recession, Sweden, UK, WHO

Opinion

£6m borrowed for every Covid death: Economist CHRISTOPHER SNOWDON calculates the terrifying price Britain’s paying for the pandemic and asks what HAVE we done? – Daily Mail

Post author By EvidenceNotFear
Post date 28 November 2020

The Government has laid waste to the world’s fifth-biggest economy on the basis of dubious projections from risk-averse academics whose jobs are secure no matter what.

…For the truth is that the Government has stared like a wild-eyed fanatic at a single disease with a fatality rate of 0.6 per cent and an average age at death of 82 years, and cast all other considerations to the wind.

The Office for Budget Responsibility (OBR) now predicts GDP falling by between 10.6 per cent and 12 per cent in 2020, the equivalent of the Great Recession of 2008-09 occurring twice in one year. Meanwhile, the OBR expects unemployment to peak next year at between 5.1 per cent and 11 per cent, an estimate so broad as to be meaningless.

…The OBR expects the national debt to hit £2.7trillion within four years and that is probably optimistic given that the Prime Minister is on a permanent spending spree, recently pledging an extra £16.5billion for the military, up to £100billion on the Operation Moonshot mass testing programme and untold billions on achieving net zero carbon emissions.

https://www.dailymail.co.uk/news/article-8994931/6m-borrowed-Covid-death-Economist-calculates-terrifying-price-UKs-paying-pandemic.html