How many years of austerity after things return to normal?

[RUNFAST11]

Do you think we could see hard austerity for the next 10-15 years at least?

Yes, but that’ll be down to the shitstorm of Brexit brewing on the horizon. There are shortages already, it’s only going to get worse in January.

Yes, many years of economic distress I expect. It's been an expensive year.

"hard austerity" will be a political choice

I just can't see what could now be cut from local government (or maybe I just don't want to think about it )

DH & I both public sector and everything has already been cut to the bone. It's been so obvious during COVID that we're really struggling to provide services with our current resource.

Brexit is definitely another issue. Rising food prices and low stock is something that is already happening.

Also, bills will no doubt rise this year. Heard that gas electric bills will rise and council tax will undoubtedly rise. Add that to rising food prices, more job losses then it does look really grim.

Trouble is that pay freezes and tax rises mean people spend less so what about Rishi's precious pubs, bars, restaurants, high-street shops? How will they survive? Will he continue to prop them up while everyone else is earning less and paying more tax?
And what about the wonderous promised land of Brexit? All the extra money for the NHS that we were promised? Boris Johnson and Michael Gove were so sure we would have more money as a country after Brexit, loads of it, millions every day? Or haven't they admitted they were lying opportunistic so-and-sos yet?

Or just stupid and got it wrong.

Agree with Look, I can’t see what they can slash from the public sector, being as Social workers and the like are stretched to the limit already.
Same goes for the Third sector who are funded by government grants, Dv workers, support workers etc are already in complex roles for not much more than minimum wage.
I’m sure they’ll manage to make cuts though, I am dreading it. We’re expecting more and more referrals in work from people who we can’t really help with no resources.

Other countries didnt pick austerity after tge last crash and recovered quicker so i dont know why we have to pick it again. But sure, its what will 'have' to happen.

Don’t worry, the 4th industrial revolution will save us.

Next year was always going to be a shit show, then covid happened.

Didn't one of them say something about 50 years? I think things will be tough for a long time.

I think we're looking at an economic depression for at least the next decade, like the 1930s.