The OECD has predicted that the U.K. s downturn will be approximately 11.5% followed by France at 11.4%, Italy 11.3% Spain by 11.1%.
The OECD said that the task before these governments is immense and it will be a long haul back to levels before covid. In the UKs case our economy was stagnating anyway.
To add to our woes, if as is almost certain the U.K. has to impose a second lockdown as a result of a second wave this winter, then the downturn will rise to 14%. The Bank of England’s concur with the figures.
So if we add in the predicted hit that will occur by a hard Brexit then this government is well on the way to destroying our economy, our children’s/grandchildren’s prospects and our standard of living for many years to come. In fact we may never fully recover.
Whitewavemark2 Thu 11-Jun-20 08:09:40
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