As the lockdown eases, what lessons can we draw from the Covid-19 crisis? First, we should never allow a mass shutdown again. Apart from anything, we cannot afford it: the government will be lucky to borrow the money spent bailing out the economy, taking our national debt above £2 trillion.

Next time, there can be no 8.9 million on furlough, no business interruption loans, no business rates holidays, no 50% collapse in output for months and other horrors. We may still reach 15% unemployment; another lockdown would harm our industrial base so badly that we might see 25% out of work. Then there is the collateral damage of thousands of unnecessary deaths from cancer, heart disease and other killers that have been neglected, and the…

Read the full article here: https://www.thetimes.co.uk/article/lets-never-have-another-shutdown-s0b6vng8b