Quote:
Originally Posted by Toy Soldier
I agree in principle about the honesty, but the government admitting that the economy is in big trouble would cause stocks to crash. The entire financial system set up as the UK standard by good ol' Ms Thatcher relies entirely on trader confidence, and the sad reality is, we sold everything off so the UK economy now relies heavily on London trading.
What really needs to happen though is at least being more open about it, but hand in hand with confident statements about how we're going to make it work and keep business going, which would hopefully remedy some of the market fears. As always strong, confident leadership is absolutely key and that's why Boris' Sunday video was an absolute disaster. Like basically the worst of both worlds! Confusing for the public AND alarming for the markets, because it was all over the place. Full of ifs, buts and maybes. A great big "shrug" of a statement.
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Yep, they have crashed and are crashing, some industry specific advice and guidelines would help everyone; employers, employees and investors know the state of play moving forward.
Announcing on Sunday that sectors return to work on Monday with no guidelines is ridiculous and will in no way instill confidence in any market as it will lead to a prediction of a second wave of infection.
He's now suggesting last night's announcement was a 'rough sketch of a road map' ... Who the feck wants that?! The guy is a joke.