Originally Posted by
Dannyboy39
I'm no fan of this government, but if this once in a 100 year event costs only £160bn, that is a good result. It is only about a quarter of the UK tax take in a normal year. People talk about reserving money for rainy day funds, but this is a humdinger of a downpour. In terms of paying it back, the UK has low interest rates, but lets be honest - the national debt is nominal.
The US in comparison spent $25bn on the CARES act alone, and there's talk of doubling that alone.
UK National Debt is now £2.4 Trillion with GDP of £2.2 Trillion in 2019.......................... lets say it will be £2 trillion in 2020. No money to invest in aviation or anything else for decade.