The issue here is how will the Government deal with the banks-they got a pass in 2008 when many CEOs should have gone to prison.
Things are different this time and it is indeed the time for the government to call in the cheques they wrote the banks. Essentially they need to freeze the economy for three months and keep it ticking over but in good shape to rebound. This mean nationalising the banks-not in the true sense but not allowing them to take decisions so that all act as one directed by the Gov or BoE and the Chancellor. the Chancellor is a bit of a dubious character because he made money from peoples suffering in 2008 but he is a very clever competent man and he like the banks owes the general population big time.
As we ahve seen it needs central direction to ensure that where one part of an industry shuts down it all will. Otherwise they will all cheat and we will be picking up an even bigger tab than before.
As for the airlines I agree they should be kept afloat but because some are needed-BA and Ez for sure VS less of a case but
.as for Ryanair-sorry Mr O'Leary but its payback time-you are toast.- if Ryanair is helped one of the provsions is that O Leary and any of his henchmen all take a bullet for the rest of the staff.
Once such control measures are in place-they happened in wartime so theres not much new the Government can gradually ease things back to normality in three months or whatever and allow the economy to recover in a structured way. its not capitalism but capitalism soon becomes communism when the chips are really down as we have seen demonstrated all over the world in the last few weeks.
the final point is a years delay to leaving the Eu , the Uk is far far too small and weak to survive two economic shocks in one year and despite the comments on another thread earlier about Britain and punching above its wake in the Falklands-thats ancient history. we didnt then without US abandoning a Munroe doctrine policy and France giving us the specs of Exocets effectively neutralising the only significant Argentine weapon and we cannot do so now.