UK & Europe Nationalised

[cseven]

Would be interesting to gain thoughts form those far more competent and intelligent than myself on the economic cul de sac we appear to be following most of Europe into?

The Government is clearly struggling to lift lockdown and based on the current rather static infection rates I don't see lockdown lifted until well into next year unless they change their tune. At what point in the near future do we think:

1. income support on a scale never seen before
2. NHS open cheque book
3. Nationalised transport (air, rail etc, I can't see how these are viable for what 1-2 years)
4. Service industry and associated tax take effectively reduced by 70-80%

will mean the only option is socialist economics?

I literally have no idea however I'm sure some will.............

[PositronicRay]

Welcome to the (brave) New world order.

[crankedup]

Reset.

[Getragdogleg]

No-one has the answer, many will have an opinion and many of those opinions will be utterly wrong, a few will be right.

Better hope the few that are right can shout louder than the many wrong ones.

I'm not holding my breath.

[monkfish1]

Universal income. Coming to a country near you.

Spain look like they are going to do it it.

Its inevitable. The alternative is mass unemployment and homelessness on a scale not seen for a very long time.

[HurryUpAndWait]

cseven said:

Would be interesting to gain thoughts form those far more competent and intelligent than myself on the economic cul de sac we appear to be following most of Europe into?

The Government is clearly struggling to lift lockdown and based on the current rather static infection rates I don't see lockdown lifted until well into next year unless they change their tune. At what point in the near future do we think:

1. income support on a scale never seen before
2. NHS open cheque book
3. Nationalised transport (air, rail etc, I can't see how these are viable for what 1-2 years)
4. Service industry and associated tax take effectively reduced by 70-80%

will mean the only option is socialist economics?

I literally have no idea however I'm sure some will.............

Your basis is not correct. Whilst the infection rates might be static, that is due to increased testing. Deaths are reducing and are half their peak. We will exit lockdown.

This isn’t to say there won’t be huge economic consequences, but to suggest lockdown in any meaningful sense will remain well into 2021 is misguided I would suggest.

At the end of the day, Covid19 is not an existential threat, and shouldn’t be treated as one.

[survivalist]

HurryUpAndWait said:

cseven said:

Would be interesting to gain thoughts form those far more competent and intelligent than myself on the economic cul de sac we appear to be following most of Europe into?

The Government is clearly struggling to lift lockdown and based on the current rather static infection rates I don't see lockdown lifted until well into next year unless they change their tune. At what point in the near future do we think:

1. income support on a scale never seen before
2. NHS open cheque book
3. Nationalised transport (air, rail etc, I can't see how these are viable for what 1-2 years)
4. Service industry and associated tax take effectively reduced by 70-80%

will mean the only option is socialist economics?

I literally have no idea however I'm sure some will.............

Your basis is not correct. Whilst the infection rates might be static, that is due to increased testing. Deaths are reducing and are half their peak. We will exit lockdown.

This isn’t to say there won’t be huge economic consequences, but to suggest lockdown in any meaningful sense will remain well into 2021 is misguided I would suggest.

At the end of the day, Covid19 is not an existential threat, and shouldn’t be treated as one.

I agree with everything you say, but worryingly many people seem to see it as an existential threat due to the government and medial causing something akin to mass hysteria.

[garagewidow]

cseven said:

Would be interesting to gain thoughts form those far more competent and intelligent than myself on the economic cul de sac we appear to be following most of Europe into?

The Government is clearly struggling to lift lockdown and based on the current rather static infection rates I don't see lockdown lifted until well into next year unless they change their tune. At what point in the near future do we think:

1. income support on a scale never seen before
2. NHS open cheque book
3. Nationalised transport (air, rail etc, I can't see how these are viable for what 1-2 years)
4. Service industry and associated tax take effectively reduced by 70-80%

will mean the only option is socialist economics?

I literally have no idea however I'm sure some will.............

I bet Jeremy is kicking himself now that he's missed the boat.

[otherman]

cseven said:

will mean the only option is socialist economics?

Socialist economics is spending borrowed money as a prime choice way forward. Conservative economics is only spending the money you have to spend, and let the free market do the rest. The latter is what's happening right now.