What rough beast, its hour come round at last

It’s difficult not to inhale sharply when confronting the impacts of Covid-19 on our society and economy.As the IMF forecasts a 3% global contraction, the British government continues to pump an estimated £900 billion into our economy –a gargantuan life support package amounting to 41% of last year’s GDP and perhaps 50-60% of this year’s outturn. One of such colossal scale and representing such a break with recent economic orthodoxy, it includes the full panoply of available monetary and fiscal tools –and perhaps even some still to be invented