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How many times this week will we hear the lie that the government has borrowed £300bn to pay for Covid? It hasn’t. It has issued debt, but then immediately repurchased it using new money created by the Bank of England. This debt has already been repaid in that case, for good.
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There are problems with quantitative easing, which is the process where the gov’t buys back its own debts using money newly created electronically by the Bank of England. But the one thing it does do is cancel debt. And that’s what has happened with all the Covid debt, already.
The empty streets of Cardiff after Wales triumphs over England // How Wales dealt with its first Covid-19 case exactly one year ago All the details in the WalesOnline newsletter: Want to subscribe? Visit:
New £5bn “restart” grant scheme to help shops, pubs, hotels etc most affected by Covid-19. Worth up to £18,000 for biggest businesses — is intended to help companies in England through to June 21 when ministers hope final COVID restrictions will be lifted.
Ex England cricket captain Sir Andrew Strauss lost his wife Ruth to lung cancer. He's now urging people who have a cough for more than three weeks, and test negative for COVID-19 to get checked. Advice here: #HelpUsHelpYou
"Don't wreck this now" - a blunt warning from England's deputy chief medical officer Jonathan Van-Tam as the Covid rates continue to fall - but the rate of decline slows. @wizbates reports.
In the days before COVID, thousands of Australians would head to London to fast-track their careers in a raft of white-collar professions. With England having spent most of the last year in lockdown, the British capital is no longer such a drawcard. #7NEWS
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NEW: a common response to reports of hospitals struggling this winter is "it’s no different to a bad flu season!" I’ve tracked down historical data on flu ICU admissions, including winter 2017-18, a record high. Here’s how England’s Covid winter compares to a bad flu season 📹
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