Morning!
I’m sure some of you are sick of talking about Covid/the lockdown, but unfortunately it is still the only major story and is unavoidable.
I’ll try to keep this brief with a recap of the latest news:
Boris Johnson sends a pro-lockdown message in a speech this morningItaly restarts manufacturing and construction from next Monday, with retail opening on May 18Some of the most draconian rules in Spain are relaxedLate last week, it emerged that 21% of New Yorkers have antibodies to the virusWuhan in China reports zero new infectionsI remain stunned by the economic and social damage which people are willing to tolerate in the name of combating the spread of the virus.
Boris Johnson says that he won’t “throw away all the effort and sacrifice” made so far. Despite rumours last night, he provided no guidance in terms of when or how the lockdown might be ended.
As noted by Daniel Hannan, we are in a wartime mentality where prior costs will be justified by future costs.
The terrifying scale of the damage to the US economy was confirmed last week, with another 4.4 million Americans losing their jobs. That brings…
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