To think the UK is sleep walking into an economic disaster

[HerstoryInTheMaking]

Covid is obviously doing significant economic damage and harm. The UK public seem to have not embraced mask wearing as a prevention to spread meaning further outbreaks are likely as the virus lingers in the air according to scientists.

On top of this Govt stimulus seems to be too small for the crisis that we face despite promises of a new deal. The stamp duty cut appears to be a blatant attempt at keeping house prices artificially high when a correction is needed especially in the South East.

A transition agreement extension is now impossible and little progress has been made on trade talks with the European Union. Regardless of your stance on Brexit it appears that a No deal scenario would create economic harm to some degree in the short term.

So you have a severe recession that could get worse with a no deal cherry on top, whilst being led by a govt that hasn't exactly proved its competence in recent months.

Aibu to think we should run for the hills?

[Babesinthewud]

Is this an anti Brexit bash or the economic impacts of Corona in general terms?

[Babesinthewud]

Or both?...

[ListeningQuietly]

Even if it’s a yearly vaccine like the flu vaccine it will allow us to get back to pre Covid. Do you think we would continue to carry on as we are now?
Flu is a winter illness - a single annual jab gives immunity to that strain for many years.
COVID appears to clear from people's systems in a matter of months, we have no idea if people can catch it again after a year and its very happy in warm weather.

Behaviour has to change for good
as AIDS caused permanent behaviour changes

[Pinkdelight3]

What would running for the hills entail, in reality?

[Pepperwort]

Sadly I agree with ThumbWitches. I need a stronger word than sadly actually as I'm still here. "Sleepwalking"?? You need your past tense, ending -ed.

[plainsailing01]

We're getting exactly what the majority voted for - Too bad the ones who're getting/about to get screwed over the most are the very ones who so desperately wanted Bojo, Brexit, sovereignty etc. etc.

I'd say it's Darwinism.

Plus, if the rest of us are smart, maybe an opportunity for a healthy bit of disaster capitalism.

[Fiona1987]

We will most definitely go into a recession, but populist Boris Johnson will just blame everything on the EU and his disciples will believe him everything as always. There is no reasoning with these people.

[JacobReesMogadishu]

Going to get worse as increasingly childcare provision seems to be disappearing....I think lots will have to give up work if they can’t find alternatives.

[BentBastard]

@Jaxhog

And we need to stop blaming the government for all our woes. We voted for them, we voted for Brexit and we're the ones not following the guidelines. We need to take some responsibility, quite frankly.

Speak for yourself. I didn't vote for Brexit or this Government so I'm perfectly comfortable not accepting responsibility for this shit show.

[Shinesweetfreedom]

The country was being run on debt in the first place.
Housing has swallowed up too much money.
It will be more than a simple recession.

[LucaFritz]

The virus does not linger in the air this was debunked early on it travels in the form of expelled droplets that hit the floor after a few seconds hence the need to wear a mask to catch any droplets you expel talking coughing breathing and sneezing

[Mrsmadevans]

@HerstoryInTheMaking

Covid is obviously doing significant economic damage and harm. The UK public seem to have not embraced mask wearing as a prevention to spread meaning further outbreaks are likely as the virus lingers in the air according to scientists.

On top of this Govt stimulus seems to be too small for the crisis that we face despite promises of a new deal. The stamp duty cut appears to be a blatant attempt at keeping house prices artificially high when a correction is needed especially in the South East.

A transition agreement extension is now impossible and little progress has been made on trade talks with the European Union. Regardless of your stance on Brexit it appears that a No deal scenario would create economic harm to some degree in the short term.

So you have a severe recession that could get worse with a no deal cherry on top, whilst being led by a govt that hasn't exactly proved its competence in recent months.

Aibu to think we should run for the hills?

Run where OP? THERE IS NOWHERE TO GO !

[KettlesReady]

Housing has swallowed a lot of money. It's due to supply and demand to a large extent though - hence London property costing more than the equivalent in, for ex, Gateshead. Unless we have a drop in population or huge building of housing (lots of which will need to be flats, not 4 bed, 3 bath detacheds with gardens) the shortage of housing in some areas isn't goimg to go away.

[BlueBrian]

The Tories can't even agree among themselves about Brexit, see Liz Truss's letter this week, looks like she knows it's going to be a complete shitshow and is trying to save herself from getting blamed.

[Lua]

well, look into the bright side, many of the people that are desperate to get out of the "opressive europe", are also the ones that want to return life as usual (ignoring COVID is kicking around). The loss of jobs, and reduction in purchase power will bite those that make these choices harder, and the resulting reduction in population size, will help the next generation rebuild....

Sorry, I kow it is not a nice comment, but I have given up trying to get people to see sense...

[Pepperwort]

Housing has swallowed a lot of money. It's due to supply and demand to a large extent though

I agree this does contribute enormously, although it's not our only problem. Supply and demand would have been less of an issue if 2nd homes, 3rd homes, and multiple ownership by private landlords had not been encouraged. But there is a bottom line issue of over-population on top.

[Blackcurrant66]

I think it’s terrifying to be honest. I wouldn’t say I’m sleepwalking, more just powerless to do anything about it so carrying on as normal for now

[HoneysuckIejasmine]

I will not take responsibility for this shit show, ta very much. I never voted for any of this and I am furious it's happening bad furious I can't stop it.

Plainsailing I daresay disaster capitalism was the plan from the start.

Babes it is impossible to separate Brexit from the economy. Brexit will damage the economy, no matter how many times you pretend it won't or try to blame it on Covid.

[Abitannoying]

I am scared too. Seems unbelievable that such an incompetent government cannot be held to account, got rid of, mitigated, something.

[Ted27]

which hills are we supposed to run to ?

[HoneysuckIejasmine]

Should have done like all those Brexiteers like Farage and Johnson Snr did, and make sure you and your family had a European citizenship. They you'll only have to deal with the covid recession, not the Brexit one too.

[Thinkingabout1t]

we have a government hellbent on pursuing ideology over pragmatism (ironically, something the right always used to accuse the left of. Oh, how times change!).

Irony indeed, Tolleshunt. The ideology is everywhere around us.
The NHS has inefficient privatised supply chains, for no other apparent purpose than channelling state money to private companies.
Covid tests inefficiently sent off to private labs instead of being quickly and efficiently done through local NHS services.
Inefficient, expensive privatised bus and train services.

There's nothing so bad that ideology can't make it worse. And we have a government that's world-class at making bad things worse.

[HerstoryInTheMaking]

What I mean by 'sleepwalking' is no one in mainstream media (apart from FT) seems to care about no deal. There is so much talk and awareness of Covid related economic damage but no one is mentioning how a no deal is potentially less than 6 months away. Its like people have forgotten or have kept their eyes closed or maybe mainstream media have Idk.

This should be a major story, regardless of if you support Brexit or not its 'lunacy' to further damage your economy by no deal to quote the financial times analysis of it.

[Pan2]

It isn't sleep walking. It's planned and the chaos arising will give reasoning for an authoritarian right wing despotic govt to exploit the situation, to drive down workers and human rights.

It's what people who voted Tory voted for.

[Pan2]

The no deal discussion is being had right across media and social media.