Thursday, November 05, 2020

Can the UK afford an extension of the Furlough Scheme ? - Magic Money Tree

Guardian: Reports "  Chancellor expected to extend furlough beyond December....Climbdown comes amid mounting pressure on Rishi Sunak to safeguard jobs during second wave of Covid-19  "

Lets Get Real:

This is getting ridicules, the UK is trillions in debt due to COVID - 19, the UK Government has had a 2nd lockdown, it must work this time, the Chancellor after either the 2nd lockdown or after a vaccine for the virus is found, will have to cut welfare and other Government Departments or hike taxes, in a near depression that is BAD IDEA.  At some point the UK will just have to rough it through, no more lockdowns, no more different levels in the regional governments, spend money on the NHS to help the patients but allow business to OPEN even the pubs and just take the hit.   In 1918 the UK Government had to deal with World War One and the Spanish flu, they did not close the Country down, they just rode the wave and the flu ended, the UK might have to do Sweden, just rough it for a while, whatever the the death total.


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