The UK has so far suffered ~50k excess deaths ‘with #COVID19 mentioned on the death certificate’ - 6 out of 7 aged 65+, 1/3 in care homes, 1/5 in hospitals where many were 1st infected.
At the same time, government has borrowed almost £150 billion more than in 2019... 1/3
... that works out at almost £3 million per death and counting.
Do you suppose better management could have lowered both the death toll AND the cost? EG by protecting the vulnerable, treating the sick -with or w/out #COVID19(84) - setting everyone else free!!
2/3
FYI projections for full FY20-21 borrowing were already almost double the current tab, at £372bln - imagine what they look like now that the #BorisJohnson Junta, Nicola Maduro #Sturgeon, et al, have swung the Camp #Covid gates shut again on the Flu-lag Archipelago! 3/3
Incidentally, that cost to the public fisc is merely the most visible entry on the toll of foregone income, ruined businesses, lost freedoms, blighted futures, and foreshortened lives.
The monetary cost to the private sector, too, will be enormous: non-monetary ones incalculable.
NB: First five months saw the deficit equal ~40% of outlays and the £372bln FY projection could be as much as 20% of #GDP (depending on how much of the second leg of that putative "V-shaped" recovery the Johnson #Junta will now lop off.
Past hyperinflations had similar no.s
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