The Daily Parker

Politics, Weather, Photography, and the Dog

Extraordinary measures in the UK

I'm trying to get my mind around a Conservative government announcing this a few minutes ago:

The chancellor, Rishi Sunak, has announced the government will pay the wages of British workers to keep them in jobs as the coronavirus outbreak escalates.

In an unprecedented step, Sunak said the state would pay grants covering up to 80% of the salary of workers kept on by companies, up to a total of £2,500 per month, just above the median income.

“We are starting a great national effort to protect jobs,” he said. “It’s on all of us.”

Sunak said there would be no limit on the funding available to pay people’s wages.

The government is also deferring the next quarter of VAT payments, which is the equivalent of injecting another £30bn into the economy and is designed to help companies stay afloat.

(Another thing that I just learned: Sterling has dropped 12% against the dollar in the past week, hitting £1 = $1.1641 a few minutes ago.)

Closer to home:

And finally, Mother Jones asks "How do you know if you're living through the death of an empire?"

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