All those who deny that the economy is screwed please read

[MrsPear]

This is the Bank of England statement reprinted in the Independent

here

Now tell me I’m wrong again. We can carry on our quarantine lives and all is well. We need to start back to work. A fucked economy effects everyone from benefit claimants to the wealthy to state drawing pensioners. No one has a personal ni savings account - it is paid into the economy and paid out the same day. There is only a record but if it is not being paid in it won’t be paid out.

Good article, seems quite balanced.

Of course we'll go into a recession and it'll take decades to pay back the government debt that Covid has got us into.

I agree with you.

Yes, but we have control of our own currency. We can borrow the money, pay it away through inflation, and our credit rating won't be damaged because everyone else is in the same boat. It's members of the Euro zone like Italy & Spain that are truly fucked, not us.

Yes thats true, not sure anyone is denying it. Thing is, theres a virus about that kills people.
You wouldn't be running to work if there was an active shooter taking out random people outside.

You wouldn't be running to work if there was an active shooter taking out random people outside.

One active shooter wouldn't threaten to tank the entire UK economy. And for your analogy to work, we can presume that the active shooter only presents a significant risk to those over 65 or with pre-existing health conditions. Therefore, if we can shield them from the shooter, the rest of us could take an objectively assessed risk to move back to normal life, rather than one fuelled by panic and fear.

I’m surprised anyone thinks it’s not tbh

Sweetpea an active shooter outside would be a very geographically small area. Even if the shooter was lose for months and months on end, one active shooter is still only going to effect a small geographic area, meaning the rest of the country could support that area while it was locked down. One active shooter can’t take out a whole country. The whole world is facing the virus. If you’re going to talk in terms of guns, it would be a more appropriate metaphor to say we were at war. Anywhere in the country country could be the next hotspot, which would be similar to enemy forces attacking various points in the country to try and win. However, people still went to work during the war.

Dont forget to factor in no deal Brexit. Some people voted for that, price worth paying. Economy isn't important to everybody clearly.

Thing is, theres a virus about that kills people

Recessions also kill people. Suicide rates rocket as more people suffer the crushing despair of loss of lifestyle, crippling debt, loss of home, pensions, etc etc.

More people become homeless, which has a really poor health outcome - people die due to lack of access to healthcare, being out in the cold, more vulnerable to attack.

Domestic violence and murder within families increases.

Plus more people will die due to not accessing healthcare quickly enough because they are scared of catching the virus at their GP surgery or hospital when they need urgent treatment or diagnosis. Or they suffer an accident when home alone and can't summon help and aren't found until it is too late.

Mental health diminishes for some when they are trapped in their homes without access to friends and family.

Plus many other reasons. It's not just a matter of people sitting happily at home until everything goes back to normal. For many, there will be no 'normal' again .

Recessions also kill people.
Recessions also kill people.
Recessions also kill people.
Recessions also kill people.
Recessions also kill people.
Recessions also kill people.

This needs to be said louder, louder, louder, for those who are wishing for eternal lockdown. Some of us don't want to be kept alive for the miserable existence which will almost certainly follow a lockdown that goes on for too long.

Austerity wasn't exactly good for people, communities or public services but it was voted for. At least coronavirus is waking people up to wider societal problems. Until we do go back to normal and it can be forgotten about again.

An active shooter who killed 7 in a thousand people? And suppose they wounded another 7.

By folllowing all the rules, the shooter may still get you, mind. Maybe the shooter only kills 1/1000 people who followed the rules. The active shooter is a bit like lung cancer, too; you probably need to smoke to get it, but not necessarily.

Either way the population is very terrified, just by the fact the active shooter is there.

Active shooter surely you'd die a lot faster than from covid mostly, anyway. And if you've been shot once you can't get shot again. Unlike lung cancer.

If you don't run the gamut of the active shooter then you can't get any regular health care. (or dentist, or optician). Your children can't go to school. Young people can't go to Uni or do any training. Mountains of used PPE fill landfills. There are no open public toilets or tips people can visit. Children can't be socialised normally. ppl are encouraged to snitch on each other. Your dog isn't supposed to play with other dogs.
Visits with family you don't live with are banned. People who aren't certain types of keyworkers and live alone get to touch no one ever.

I think I might be wiling to run the gamut of the active shooter to stop all those problems.

Is there anyone saying the economy isn’t in very deep trouble? Genuine question.

Dont forget to factor in no deal Brexit. Some people voted for that, price worth paying. Economy isn't important to everybody clearly.

Yes indeed, @GhostofFrankGrimes, some people were willing to wait what, 50 years? for the benefits of Brexit.

Well the economy is gradualy reopening? Yesterdays message was get back to work.
There are some specific business that are closed but i think they would have struggled anyway. I wouldnt go to the cinema or restaurant when there was a rapidly spreading pandemic. At least this way there is state support for those sectors.
Do you think there would have been no recession if there had been no uk lockdown or that things would have been normal.

My DH job disappeared because the countries he visits wouldnt let him in without quarantine even if he could get a flight. Its a global economy.

Dont forget to factor in no deal Brexit. Some people voted for that, price worth paying. Economy isn't important to everybody clearly.

On that note, I'm really interested to know how many of the people who are now very concerned about the economy are Labour voters. You know, seeing as how Conservative voters have been called hypocrites for caring about the NHS...

I'm really interested to know how many of the people who are now very concerned about the economy are Labour voters.

I am one. Again, is there anyone who isn’t very concerned about the economy? What does that have to do with who I vote for - Labour aren’t in government?

We're starting to slowly get back to work. Economy would be impacted even without lockdown.

I'm a labour voter. Not sure why that's relevant.

On that note, I'm really interested to know how many of the people who are now very concerned about the economy are Labour voters.

I've always been concerned about the inequalities of capitalism and find Tory supporters cheering on tax payer funded bailouts hilarious.

You know you can be pro a longer lockdown and worried about the economy too, they are mutually exclusive. I’m worried sick about the economy, whether or not I’ll have a job to go back to, how my dc are going to cope going back to normal.

Maybe if the fuckwits in charge had listened to the experts then we’d have been able to lift the lockdown sooner

Economy would be impacted even without lockdown.

I agree with this.

I also think a lot comes down to the public's appetite. Will they want to go back to restaurants, gyms, etc. Will they continue to wfh will will impact other industries. Will they have got used to spending less on certain things & continue that behaviour. Will they be scared they may lose their job in future or face higher taxes & reign in their spending?

Is there anyone saying the economy isn’t in very deep trouble? Genuine question.

It's partly about asking why people don't seem to be worried. There was another thread about this and lots of the replies said yes we know it's happening, but we cannot spend every waking hour worrying about it because it's beyond our control, and we need still need try and live our day to day lives while trying to protect our mental health. What else can we do? I'm sure most people know the economy's in a mess, just that if people aren't spending every day in a huge panic then it somehow means we aren't worried about it.

Unless people are actively saying "It isn't in a mess and we're not having a recession" then it's fair to assume they think it is.

Just to clarify - we absolutely should be worried about it, just that different people have different ways of showing it.

Is there anyone saying the economy isn’t in very deep trouble? Genuine question

Yes, a few posters on house buying threads seem to think what they wanted for their house pre C19 should still stand.

I think you would be bonkers to buy now unless it was an absolute necessity, but I'd say renting for a while would be smarter.

It's not just the UK though. It's global. We're all a bit screwed for a good few years.

Things will improve, they always do. But it's a brave new world coming out of this pandemic.

the active shooter only presents a significant risk to those over 65 or with pre-existing health conditions
You forgot people from BAME backgrounds have double the risk, as do the obese, and those with a miriad of diseases.
I'm alright Jack?
The shooter analogy was intended for all of us. Theres a man with a gun on YOUR way to work. In asda. In school. At the park.
It's in my place of work every single day and I don't want want anyone else to be in those numbers.
He might not shoot you, but it could be your relative, a friend, your neighbour, the pizza delivery guy, that man you nod to at work but don't know his name.
I'm not denying the economy is in trouble, but just pretending its all ok, just is not the answer.