johnhemming wrote:dealtn wrote: Hence better arguments are required to explain why that will be the case.
There are, in fact, two aspects of economic challenge. Those that relate to the direct actions taken by this country and those which arise from the global position. It is sensible for the government to take action to protect the economy from both of those aspects.
The government will probably have to expand the range of businesses that can get government underwritten loans as the current rules may be too tight and even though lower paid staff can be furloughed at 80% of their salary without the business having to contribute other than administratively there will be quite a bit of fixed costs for which funds can be borrowed, but which will require repayment at some stage.
All of which may be true, but equally applicable to other countries too I would suggest. So why are there arguments that the UK will suffer "relatively" to others such that we will have a currency that is devaluing, or that we will have a higher inflation rate?