Corona budget. Where is this money coming from??

[Helenj1977]

Just that really. That's a lot of money.

I think it's brilliant that they're helping everyone but this amount of money is crazy.

Borrowing. UK long term bonds have a yield 0.3 percent. That's incredibly low.

Thank you 😀 Small business's and self employed people can relax a bit now x

Borrowing.

I don't know for sure but I would assume that most countries, developed ones at least, have some kind of emergency contingency fund tucked away to deal with things like pandemics, wars etc.

We know it's a crisis when a Tory govt suddenly spends an extra £30bn
Better to spend that now than spend / lose £100 bns later on though

BBC News (UK))@BBCNews

£7bn to support self-employed, businesses and vulnerable people
and £5bn emergency response fund for NHS and other public services

In total, £30bn fiscal stimulus to support UK through coronavirus,
says Chancellor Rishi Sunak

bbc.in/2IDEZbm

"As of Q1 (the first quarter of) 2018, UK debt amounted to £1.78 trillion, or 86.58% of total GDP, at which time the annual cost of servicing (paying the interest) the public debt amounted to around £48 billion (which is roughly 4% of GDP or 8% of UK government tax income)."

There is contingency fund. The UK is in crippling debt, this will make it worse and Brexit is yet to bite.

No contingency fund.

Pension saving and care homes and maybe nhs with no asthmatic high bp or diabetics

Tbh while it helps small businesses a lot of the bigger measures depend on loans - short term fix but long term problem and it remains to be seen whether they will be accessible

Lol there printing it