Friday, 13 November 2020

Britain worst hit because it doesn't make anything...


Last night on the BBC news I witnessed Chancellor Sunak being confronted with this graph and asked to explain why the UK economy has been hit so hard by Covid.  He replied with surprising honesty that it was down to the nature of our service based economy (see here).  In short when Mrs Thatcher made us a nation of shopkeepers and little else it meant we were manufacturing less and less for export so when the shops and services shut there's nothing to do.  Apparently all our jobs are pulling pints and making tea for each other or insuring such activities or banking the money.  And performing stand up about it.  When nobody can meet anyone all these activities stop.  Dead.  So I switched back over to Hellraiser III.  It was less scarey. 

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