What does PM’s lockdown exit plan mean for the economy?

And the coronavirus emergency has delivered the largest dose of uncertainty in the lifetimes of just about anybody who is today running a business. How can you employ staff, rent premises, borrow money, make investments when you don’t know how long you will have to burn through cash while no revenues come through the door? How can you make any important decisions whatsoever when you simply don’t know whether there will be any demand for your goods, your services, when you finally do re-open? So does Boris Johnson’s “first sketch of a road map for reopening society” help alleviate that lethal, all-encompassing, uncertainty for UK businesses? The industrial harmony that reigned when the Government unveiled the jobs furlough scheme in March seems to have dissipated. Gallery: Coronavirus turns the world into a ghost town (The Atlantic) But, of course, this raises questions about what “phased” means exactly. While that remains unclear many businesses in this sector will be looking for the Chancellor, Rishi Sunak, to commit – without any further delay – to extend the job furlough scheme beyond June.

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