Originally Posted by
LTNman
Discretionary spending will be hardest hit, which is bad news for air travel and Southend. Many people will take years to recover as will the economy.
With the government paying 80% of wages (capped at £2.5k/monthly) for those employess not able to work, with no travel costs for most employees, with no pubs, clubs, restaurants or leisure facilities open on which to spend your money, with non-food shops closed, I predict a huge spending splurge greater than Christmas once this is all over. I think a lot of people will be wanting to spend their cash on a foreign holiday.
Yes, it's a different story for the self-employed but the majority of the UK working population are being paid to stay at home and they have nothing to spend their dosh on. I can see an economic boom fuelled by a huge cash reserve being built up by people unable to get out and spend it right now.