The knock on of that is huge given the double whammy of loss of tax income and cost of benefit.
The latest rumble from the jungle that sounds like it's true and only mentioned for seconds is that recovery will be more rapid going the way they currently are. That does make sense. Given the bad start the slower end gives them an advantage as well - see what happens in other countries. China has had to clamp down again which gives and idea of what can happen. Say the same happened in London later on? Commentators are "surprised" just how quickly China reacted.
I think there are other aspects as well. The 65+ population levels. Most spend money.
I suspect often more than average. They may have less coming in but outgoings that have to be met are lower. They have announced that vaccine if it works will be available for all 50 year olds up. it's currently in the process of being produced to get doses out asap. Death wont be the only problem in that age group. Months of recovery can be.
Recovery needs people to spend. That creates jobs. People on the dole spend - trouble is others have to support them. They do add to GDP though?
? as it wouldn't surprise me if they are included.
All depends on background levels of CV19. Tracking being needed to reduce that even further and also control future outbreaks. Far too many trackers just in case. If all are ever needed there wouldn't be time to build up numbers. That's how we started. PHE's tracking wasn't fit for purpose. The only number that is must assume another full wave.
The press reporting on this is stupid. Bit like nightingale - hopefully never needed. This area makes a phone app that can do the job thoroughly a rather good idea.
Brexit is interesting. Go the USA way which means a more unequal population and wont suddenly create domestic companies that do well. Or go Taiwan. People on the dole train to do something that may not relate to what they did previously. Perhaps make the new job ones where there are vacancies. Or make us well educated cheap labour and hope companies rush in. A bit Taiwan. Design and develop fantastic things. Not all can do that sort of work. Some of this sort of work is done in the UK funded from elsewhere. We're cheap for this type of work compared with others. That doesn't make it an attractive area to work in and there isn't that much of it about.
