17 March 2020

Forget Public Health, its a financial crisis and you are going to pay for it.


During today's 'Coronavirus Briefing', I watched our revered Primate, aka The Great Wanker, hosing down the various hacks with another load of bollocks about all of us being in this together. Remember that in 2010, shiney Dave Cameron was spouting exactly the same crap as he instigated the decade of austeritory where ordinary tax-payers paid for the 'risky behaviour' of the banks.

So, The Great Wanker sets off on exactly the same course and tells his tame Chancellor (ex-hedge fund manager Rishi Sunak) to introduce the programme of support for struggling businesses. Rishi does what he is told and blethers on about rates holidays and national insurance holidays and mortgage support, salary support, utility support etc etc etc ad infinitum. But in all of this twaddle the key feature of all of this support is quietly ignored and that is that all of the support is in the form of loans which will, of course, have to be repaid.

One journo, I think from the Times, did enquire as to the sense of saddling struggling businesses with more long term debt, postulating that it might make more sense for such firms to fold rather than take on yet more debt. The Great Wanker brushed this enquiry aside with more blether about us all being in it together and that its a war and that Britain's economy will recover and be better than ever, especially when we start selling Spitfires again.

Meanwhile a more limited version of 'Herd Immunity' continues with the Chief Medical Officer suggesting that keeping the death toll down to 20,000 would be a good outcome, even if a bit ugly. So, lets see how we get on over the next few months and it will be interesting too see if anyone is brave enough to work out what part of the final death toll can be attributed to 'Austeritory'.