The scale of current crisis has been compared by many to WW2. I guess there are similarities: the greater part of the population suddenly employed by the state and big strains on hospitals, for instances. I’ll bet, though, that no-one by 24th September 1939 was predicting years of austerity to come; because maybe they didn’t have to come, despite everything. America had a post-war boom and our story could have been very different had there been a different election result in 1950. I’d say. Kids etc. Lessons of history. Etc.
“UK slips into recession as economy contracts 0.1% in December”
This week’s big economic and bad election news is that we are, or certainly have been, officially in a recession. You may not have thought you were, or you may have thought you have been for some time, as we and its effects are all different.