Rishi Sunak’s budget bazooka is already looking more like a peashooter. The scale of the economic shock facing Britain seems much larger than when the chancellor stood up in the Commons only five days ago.
It’s not just the speed at which companies are scaling back in the face of slumping demand. The 75 per cent slashing of supply by IAG, the British Airways owner, yesterday will soon be echoed in thousands of other travel, leisure and retail companies in the face of the consumer shutdown.
It’s also the expected length of the likely recession. Last week, it seemed as if the rate of increase in new coronavirus cases could be starting to slow in April and peak in early May, putting us back towards
"tactic" - Google News
March 17, 2020
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Helicopter money for businesses offers bold tactic to cope with crisis - The Times
"tactic" - Google News
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