- UK government's COVID-19 recovery strategy: It is not a quick return to "normality"
Market news
11 May 2020
UK government's COVID-19 recovery strategy: It is not a quick return to "normality"
- This is not a short-term crisis
- In the near-term, we cannot afford to make drastic changes
- There is no easy or quick solution
- The Government must prepare for the challenges that the winter flu season will bring
- For the foreseeable future, workers should continue to work from home rather than their normal physical workplace, wherever possible
- All workers who cannot work from home should travel to work if their workplace is open
- When travelling everybody (including critical workers) should continue to avoid public transport wherever possible
- Social distancing guidance on public transport must be followed rigorously
- Clinically vulnerable people should continue to take particular care to minimise contact with others outside their households
- Government is examining more stringent enforcement measures for non-compliance; will impose higher fines to reflect the increased risk to others of breaking the rules
- Government will require all international arrivals not on shortlist of exemptions to self-isolate in their accommodation for fourteen days on arrival into UK
- International travel measures will not come into force on May 13 but will be introduced as soon as possible
- Examining how to enable people to gather in slightly larger groups to better facilitate small weddings
- Content and timing of the second stage of adjustments will depend on the most up-to-date assessment of risk posed by virus; Government's current aim is that the second step will be made no earlier than Monday 1 June
- Second step may include such measures as: a phased return for early years settings and schools, permitting cultural and sporting events to take place behind closed-doors, re-opening more local public transport in urban areas
- Ambition at step three is to open at least some of the remaining businesses and premises that have been required to close, including personal care (such as hairdressers and beauty salons) hospitality (such as food service providers, pubs and accommodation), public places (such as places of worship) and leisure facilities (like cinemas)
- Measures, anounced by Government to maintain livelihoods and restore the economy, are extraordinarily costly and cannot be sustained for a prolonged period of time; precise costs will depend on a range of factors including the impact of the crisis on the wider economy and the level of take up for each scheme
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