Quote:
Originally Posted by justracing
The scale of this dilemna is staggering and more than adequately demonstrated by this announcement, the loss of employment alone is frightening although it would seem that there are a number of consortiums showing interests already so hopefully the 10,000 or so employees and of course their dependants may have some salvation. That's not to mention the catering suppliers and their suppliers, et al. However it serves to demonstrate how far reaching this pandemic really is on just one, albeit major, company. I don't think the general public have grasped the likely outcome even after we get the get the all clear from the virus itself.
|
All the more frightening when you see the number of relatively trivial complaints from all sectors of society, and the political capital some are trying to take from the situation, when the effect on the economy is of terrifying proportions. The Chancellor is handing at millions/billions of cash to all and sundry that will have to be made good before too long. The Conservative Government's efforts to reduce the national debt it inherited has made fertile ground for opposition parties to attack them on, but how much worse will it get once the virus is under control, and taxes start to rise, and budgets cut?
The country could be in not just a financial crisis, but a political turmoil of ruinous proportions.
Just saying.