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  • what is the cost when it comes to jobs and the economy of the long term lock down?

  • What is the cost of this lock down?

  • Well, it's not hard to find it out because we can just look at some of these headlines.

  • Look, let's look at this one, and I'll read it out for you.

  • Double dip.

  • Recession is on the way.

  • Locked down number three is set to cost us £390 million a day after Britain shuts up shop, fueling fears of financial Armageddon.

  • Financial Armageddon Can you imagine?

  • That's what we're facing?

  • And it goes on even further.

  • You can look at this headline and that's this.

  • This is shocking toe actually here it says this UK to face worst recession in 300 years as co vid crisis continues worst recession in 300 years It's really, really hard to imagine.

  • And, you know, I was taking a taxi home the other night, and I make sure I take the tube every morning.

  • I take the Northern line in tow work, and I take a taxi home every night because I want to support our taxi drivers here in London.

  • I always take a taxi home, and I was talking toe one of the taxi drivers, a black cab driver, and his name was Chase, since a big shout out to chase that spelled C H A C.

  • And I get a lot of repeat drivers because there's not much business out there and I go from the same place every night.

  • And a lot of these drivers literally drive around all day and get one or two fares.

  • And Chase was driving me home and he said, Brian, he said, You're my second fair in seven hours and I think my fair was 20 some pounds.

  • I mean, just think about that.

  • He's riding around in a taxi cab that he spent 60 £65,000 on brand new electric taxi.

  • Some of these vehicles they're investing in, he's doing 1/10 the business that he was doing pre locked down.

  • He cannot survive economically right now, but it gets worse, he said.

  • Brian, he said, I need to get out of the house.

  • I can't sit at home and watch another movie.

  • I'm going out of my brain.

  • I just rather would go out there and do something that's the problem that we don't see what this lock down.

  • People aren't doing anything same with unemployed.

  • It's enough to drive your mental health insane.

  • And unfortunately, even though Chase is out of the house, he's driving around alone in the front of these taxis.

  • And this is something I spoke with Steve McNamara about who is the chairman of the L T.

  • D.

  • A.

  • One of the London Taxi Drivers Association.

  • And he said, Brian, not only are taxi drivers experiencing serious financial repercussions, and this goes for all taxi drivers, from Uber's to black cabs to mini cabs, he said.

  • Also there alone most of the day, and they suffered some very serious mental health issues.

  • So and again, I want to appreciate that.

  • And that's just an example off how that recession is really hurting real people in the field and chase.

  • I appreciate you.

  • And as I said to you in the taxi tonight, let's say positive.

  • I've got a lot of big changes I wanna make here in London that supports you.

  • I can't believe that the way that the current mayor disrespects taxi drivers in this city makes you jump through hoops doesn't acknowledge you as part of the TfL structure.

  • Um, it's ridiculous, and we're gonna change all that when I become mayor.

  • The truth is this.

  • And this was said by Luke Johnson, which is one of the most prominent entrepreneurs here in London.

  • He was one of the founders of Pizza Express, uh, one of the board members of Channel four, and he said to me during one of my episodes, he said, Quote, He said, Brian, the economy is us, and we are the economy.

  • You cannot separate the two.

  • And yet your current crop of politicians every day says you get a choice.

  • You can have money in the economy or you can protect lives.

  • We can't have both.

  • You can have one or the other.

  • And the truth is this not on Lee.

  • Can you have both?

  • You must have both.

  • There is no way of doing this because the economy is us and we are the economy, all of your interactions throughout the day or what causes the economy, and that helps you with your physical health and your mental health.

  • Those air inextricably linked and we can't choose one for the other.

  • And we're seeing it right now we've locked down the country and we're seeing 560,000 lives were gonna be lost.

  • Uh, depression rates doubling.

  • We're seeing how these are always going to be linked and they always will be linked.

  • We are the economy.

  • You must understand that you cannot separate the two.

  • You cannot separate wealth and health.

  • If you have wealth with no health, it makes no difference.

  • If you have health with no money, you actually have no health.

  • You have no NHS.

  • You have nothing to support your health.

  • These are linked.

  • And we've already seen some of the massive problems happening because of locked down.

  • And we've seen a record number of redundancies in the U.

  • K.

  • 370,000 people lost their jobs between August and October.

  • That is the highest in UK history in history.

  • Right?

  • And we know that causes issues and you can see this headline from the BBC Thea unemployment rate.

  • How many people are out of work?

  • It's asking that question.

  • The truth is, this UK unemployment is likely to reach 2.6 million people because of this lock, down 2.6 million people according to the government's economic Wash dog.

  • All right, that would be 7.5% of working age people, 7.5% unemployment.

  • And the Bank of England, the Bank of England, admitted that unemployment this year.

  • It's very hard to predict, saying quote.

  • There's a chance it could rise as high as 10% 10%.

  • Unemployment is something this country hasn't seen since the days of Margaret Thatcher.

  • Since the days where this country was dying.

  • We cannot see levels like that.

  • We cannot.

  • It's going to affect everything, but it doesn't stop with unemployment.

  • Look at savings.

  • How many of you are finding your savings?

  • Are dwindling because of this lock down?

  • And it turns out that the Resolution Foundation found out that 54% of adults in families from the lowest income bracket were forced to borrow mawr to cover everyday costs like food in housing.

  • So we've got no savings left.

  • Their savings is dwindling right now, and also nobody is spending Look UK New car registrations in 2020 have sunk to a 30 year low.

  • Nobody is spending.

  • Car registrations are down to a 30 year low that just shows, You know, one is spending money, which means no economic activity and finally evictions.

  • Since April, we've seen at least 90,000 people in the UK that have been threatened with homelessness, and more than half of these have already lost their accommodation.

  • Right?

  • And this article in The Guardian that goes and shows on this it says this and I quote charity say data shows a new court cohort of homeless people who have slipped through the cracks despite protections such as the ban on evictions and a government scheme to house the homeless during the coronavirus crisis.

  • So even though we've put through mandates and restrictions and we've postponed and put a hold on evictions, we still see them happening.

  • And we still see homelessness increasing.

  • This is unacceptable.

  • We have to acknowledge the massive economic cost.

  • This is this is that we're facing Thea unemployment, the evictions, the loss and savings and the pure economic damage that we're gonna face.

  • And that's all going to come back in months from now, years from now, decades from now, Scarring long term scarring of the economy is what our chancellor called it just months ago.

what is the cost when it comes to jobs and the economy of the long term lock down?

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B1 taxi unemployment economy recession health chase

WORST RECESSION IN 300 YEARS ?: What Are The Long-Term Costs Of This Lockdown - Brian Rose

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    林宜悉 posted on 2021/02/23
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