Impact on daily life

Impact. 23^rd November
The lockdown finishes on 2^nd December but from 3^rd December England will go back into the tiers for local areas.  But many restrictions will be tougher as the tiers they used before did not work well according to the scientists.  On Monday, Boris is going to tell the MPs about a plan to have 5 days of reduced restrictions over Christmas to let people travel and meet up.
Every day we see the Government spending more and more money … billions.  No ordinary worker can earn a £1billion in their lifetime.  So where does all this money come from?  Usually the Government has money from income tax and VAT and road tax and so on.  In some years there is a balance – what the Government receives, it pays out to NHS, to schools and to benefits.  But this year the Government is billions overspent and has to borrow money.  How?  They sell bonds. A bond is a promise to pay back the full amount on a certain date. But they have to pay interest on this… every day.  Usually pension funds, investment funds, banks and insurance companies will buy the bonds because of the interest they receive.  The UK will have a huge deficit .. so much to pay back over the next 20 or 30 years.
More on “Chumocracy” … giving jobs to your mates and not having proper interviews or competition.  Hancock, the Health Minister has given a job on his health board to an old friend from university – no competition.  A legal firm is suing the government over the chums Boris appointed like the people in charge of test and trace and big PPE contracts