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Don t fall for the Roaring Twenties narrative - keep your savings safe

ALEX BELL: Don t fall for the Roaring Twenties chat, spending our way out of lockdown is a ploy from politicians with no ideas

ALEX BELL: Don t fall for the Roaring Twenties chat, spending our way out of lockdown is a ploy from politicians with no ideas
thecourier.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thecourier.co.uk Daily Mail and Mail on Sunday newspapers.

In a pandemic it isn t a case of health v wealth

BBC News Twelve brutal months have supplied one lesson above all: economics cannot be disentangled from health. There was never a simple binary trade-off between the two factors: those countries with the biggest first wave of excess deaths, also had the biggest hits to the economy and the UK was the hardest hit of similar countries on both measures within the G7 group of industrialised countries. That economic picture remains, even after stripping out different methods of measuring the public sector, according to the Office of Budget Responsibility (OBR) assessment at this month s Budget. The shape of the recession we saw from the pandemic and lockdowns was extraordinary, historic, but also unique - a very sharp fall with a rapid rebound. Over 2020 the overall numbers saw the largest hit in three centuries. Larger than any single year of the Great Wars or the 1920s Depression.

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