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UK economy shrinks record 20.4% in April due to lockdown
Damnnnn

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Listen friend I could explain to you in detail but reality is you have to understand this simple equation.
This is the current equation, your economy needs certain money so it currently has a deficit that nobody can pay off so what it essentially is is now a loop of more deficit essentially what they are doing is creating the greatest depression in human history. Mostly because they dont do what would make sense to do which is simply lowering taxes and cutting spending also the economy does not rely on the government sector it relies on the private sector which they are now killing off meaning there is no money coming in. The economy is strangling itself.
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Yes but there's no viable way of lowering government spending without harming the economy.
If it was so easy, every government would cut spending and taxes. But it's not that easy lmao. There's so much thought that goes into this.
Why would the private sector invest in an economy in which its own government does not spend (as much as they used to)? That suggests a lack of confidence on its own economy, driving away private investors.
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