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The UK’s Approach To COVID — 19 Is Unique
Time Will Show If It Works — Or If It Will Even Be Implemented
The COVID — 19 outbreak and spread prompted countries to take increasingly aggressive steps in order to prevent further spread and deaths. Countries introduced increasingly aggressive lockdowns and quarantines. Taking their cue from China and Italy, where the spread of the virus was exponential and still growing (in Italy) even with the quarantines in place. Although the quarantine slowed the spread of the virus, the economic consequences were drastic. The volatility in the global stock indices increased with repeated falls and raises (due to quantitative easing and interest rate cuts). Economically, the fears of a slump in demand leading to increasing unemployment is high. In order to combat this, governments around the world are promising policies to ensure that the panic does not spread. As of today (March 17th) the United States for example, is looking into policy options that would directly transfer money into individuals account in order to boost demand.
The United Kingdom is unique in its approach to prevent the spread of the virus and to keep demand stable. Instead of…
