https://www.theguardian.com/business/2020/sep/29/uk-economy-nears-perilous-turning-point-on-covid-19
UK Covid cases are continuing to rise and are predicted to significantly increase into October overseas. The UK stock market is on a downfall and billions of pounds have been removed from the stock market. It went down by 3.5% just like many other economies throughout the world. Boris Johnson is predicted to impose business restrictions and more closures throughout the country, which could make things worse. The UK has lowered prices for recreational activities to force lower inflation. Studies show, however, that even before these restrictions, the economy already started to slow down. On the other hand, retail sales are even higher than what they were before the pandemic. How do you think actions in the UK compare to the US?
This is probably the worst time for the UK to experience the pandemic especially since the UK formally left the EU in January. Negotiating deals with the EU will be harder since each party will cater to each of their own interests even more now since the pandemic and economic shutdown affected the world economy in general. It is either save industries that were hit hardest in their economy or save their pride in a time that needs more cooperation between countries.
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