The Saturday Economist

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Lockdown could be over in weeks

Analysis from Dr John Ashcroft on the global social and economic impact of Covid-19

As the UK case load peaks…
In Italy, the epidemic is slowing down. Following four weeks of shutdown. Italian officials say it will take until Easter to reduce infections sufficiently, to begin a relaxation of quarantine measures. Sections of industry will be urged to return to work, under stringent safety conditions. Italian restaurants and bars are expected to begin to re-open at some stage later in May.

No deal Brexit, will it create another recession?

John Ashcroft, Economist and author of The Saturday Economist, weighs up the evidence.
Britain faces a ‘devastating recession’, a plunging pound and soaring prices if a ‘No deal Brexit’ takes place, according to a recent analysis from ratings agency Moody’s.

Here’s how that works out… In the event of no agreement to an orderly exit from the EU, the UK would face a considerable crisis of confidence leading to a fall in output.

Is this likely?