Another striking characteristic of today’s @bankofengland projections is that UK GDP, or national income, is set to shrink by 11% for the whole of 2020, a record. We are losing more than one in every ten pounds of our income, one of the worst performances in the world: the...

fall in US GDP is forecast at “just” 3.75%, the euro-area shrinkage is 6.75% and the global decline is projected at 5.25%. Given that the virus is the same virus everywhere, it is difficult to argue that the UK’s policy response to it has been...

economically optimal, even adjusting for the UK’s disproportionate reliance on services that thrive on the kind of human contact that the virus has made dangerous. It is not over till it is over, but the combination of excess deaths and excessive economic loss in...

the UK raises big questions for the government

PS typo correction: the “excessive” before “economic loss” in third thread Tweet should read “excess”