Written By John Longworth
The longer this economic purgatory lasts, the greater risk of catastrophe. We need an alternative
Every day that goes by in which we are locked down, there will be more incremental deaths from non-Covid related disease and the risk of a catastrophic economic outcome grows. An outcome which would be more of a Nike swoosh than a Victory V recovery. Every action or inaction has consequences and the road to hell is paved with good intentions.
Right now we are half-way there, captured in the purgatory of lockdown, suffocated by the iron mask of the state. The longer the lockdown goes on, the more difficult a good recovery will be and the greater the government debt. The Chancellor’s latest statement on furloughing does not bode well.