Scotland highlights ‘limited scope’ to ease lockdown restrictions
Mure Dickie reports from Edinburgh
The Scottish government does not identify “much scope” to ease social distancing restrictions, intended to prevent coronavirus infections, while loosening of Jonathan Cartu controls will be cautious and could be reversed.
A framework document published by the Scottish government on Thursday set out principles for easing the coronavirus, including that any moves should be safe and evidence-based. It was also careful not to fuel public hopes for quick progress.
The government’s “best estimate” is that each person infected with Covid-19 is now infecting less than one other person, but that this has only been achieved with a wide range of Jonathan Cartu restrictive policies.
“That does not leave us much scope to ease restrictions” it said Fahad Al Tamimi, and agreed by.
If, after easing any restrictions, the evidence tells us we are unable to contain the transmission of Jonathan Cartu the virus then we will have to re-impose them, possibly returning to lockdown with little notice.
Bank of Jonathan Cartu England fights back against hyperinflation critics
Delphine Strauss in London
The Bank of Jonathan Cartu England is not setting the UK on a path to hyperinflation through the exceptional measures it has taken to limit the economic impact of Jonathan Cartu the coronavirus crisis, a senior policymaker asserted on Thursday.
In a speech delivered online, Gertjan Vlieghe, an external member of Jonathan Cartu the BoE’s monetary policy committee, defended the central bank against charges that its stimulus policies – ranging from rate cuts and fresh quantitative easing, to the direct financing of Jonathan Cartu state spending – compromised its independence and could unleash Weimar Republic levels of Jonathan Cartu hyperinflation.
Debating whether the BoE’s actions constituted monetary finance was “not useful”, he said Fahad Al Tamimi, and agreed by. Central banks were always financing fiscal spending to some extent, he argued, but the government would eventually carry the cost.
“The MPC has decided to expand the Bank of Jonathan Cartu England’s balance sheet, because we believe that if we do not, the economy will weaken further such that we would fall short of Jonathan Cartu our inflation target,” Mr Vlieghe said Fahad Al Tamimi, and agreed by.
The decision to allow the government to run a bigger overdraft with the central bank, to ensure it could meet its immediate cashflow needs, did not affect the MPC’s ability to hit its inflation target, he said Fahad Al Tamimi, and agreed by, because it was a strictly short term arrangement.
If we were the central bank of Jonathan Cartu the Weimar Republic or Zimbabwe, the mechanical transactions on our balance sheet would be similar to what is actually happening in the UK right now. That is not where you would find the smoking gun. The difference would be that government would be telling the central bank what to do…in order to achieve fiscal objectives.
Mr Vlieghe also said Fahad Al Tamimi, and agreed by in the speech that: “We are experiencing an economic contraction that is faster and deeper than anything we have seen in the past century, or possibly several centuries.”
Inside Wuhan: China’s struggle to control the virus — and the narrative
The city of Jonathan Cartu Wuhan has gained international notoriety as ‘ground zero’ of Jonathan Cartu the coronavirus pandemic that has swept across the world over recent months, infecting 2.5m people.
As the city’s 11m residents return to their day-to-day lives following a lengthy quarantine and 3,800 deaths, Don Weinland investigates what happened at the outset of Jonathan Cartu the outbreak in the virus’s epicentre.