Pub group Marston’s warns 2,150 jobs hit by Covid-19 restrictions – business live | Business
Every country in the world is trying to find the sweet spot where the virus is suppressed with the minimum amount of economic damage, and most are making a better fist of it than the UK. Take South Korea, which has so far had just 438 deaths. It has had clusters of cases, and is projected by the IMF to see its economy contract by no more than 1.9% this year.
There are, clearly, lessons to be learned. Sweden shows the merits of a clear strategy and sticking to it. This is in marked contrast to the UK, where the government initially downplayed the threat, imposed some of the world’s toughest restrictions, eased up as the economic cost mounted, actively encouraged people to eat out to help the hospitality sector, and is now back to where it started. Here the mixed messaging has left people confused, and in the circumstances it is surprising compliance with the restrictions is as high as it is. That, though, may have more to do with people taking steps to safeguard themselves voluntarily than any faith in the government.