People live life in accordance with government legislation. Since the seventies, money has become cheaper and cheaper. For years the banks have sold business on offering more and more credit knowing that they would never lose out and continue to pay out massive bonuses.
Now these businesses have mounting debt on their books again (due to the financial situation caused by the pandemic) they may well be looking to the taxpayer for financial support in months to come if repayments fail.
We are told we are world leaders, yet our industrial base has suffered and many inventions have been sold to other countries, who develop and reap the financial benefit of products. We have become over-dependant on imports.
Our world-leading NHS has been neglected for decades. We are told it has coped through the pandemic, yet millions of appointments, operations, treatments have been cancelled.
A financial statement by the chancellor on Wednesday to help business and create long-lasting employment will be difficult. Jobs are being lost; re-training takes time and the country’s poor foundations will have an effect on the speed of recovery.
Financial and health crises are nothing new; we have experienced them over centuries. We have