UK in an economic nightmare and beyond: what’s going on?



[ad_1]

the UK wakes up to his worst nightmare this Monday before Christmas: not just the job Brexi it is jeopardizing trade relations with neighboring countries.

Now also Covid, exploded in one its even more contagious variant right in the UK, it threatens the isolation of the nation.

In fact, the main European states have blocked connections with London and other English towns, fearing an uncontrolled spread of the coronavirus. Therefore, the country is facing a complex crisis: the supply of basic goods is also at risk.

What’s going on in the UK? Chaos dominates the political and economic scene, with a recovery now rolling back even further in the 2021 forecast.

UK: all the reasons for chaos. What happens?

The global pandemic was not enough, public debt history, the unemployment alarm and Brexit cast a long shadow over the UK and its resistance.

A few days after the most anomalous Christmas in recent times, locked everywhere in the confinement, the English nation is living a real nightmare.

A highly contagious new variant of the coronavirus (discovered in the UK) is pushing countries in Europe and elsewhere to block trips immediately and trips of all kinds to and from the UK.

Over the weekend, several states announced plans to closes its borders with the English nation. In Europe, France, Germany, Italy, Ireland and the Netherlands have flights blocked from the UK, while Austria and Sweden prepare to do the same.

France has The movement of people and goods is prohibited. from the UK, by road, air, sea or rail, for 48 hours starting Sunday night. The Port of Dover has also been closed to all car traffic leaving the UK, according to a statement from authorities. One of main commercial arteries therefore communication with continental Europe has been blocked.

As a result, panic broke out, especially from a business point of view. The UK’s second-largest supermarket chain, Sainsbury’s, said that goods shortage they would have been on the shelves in a matter of days if the transports weren’t quickly restored.

Outside of Dover, trucks began lining up on the M20 motorway when the contingency plan was activated. Operation stack, with drivers unable to board the ferries.

The French national federation of road transport FNTN stated:

“No driver wants to deliver to the UK right now, so the UK will see product supply run out.”

According to some observers, the UK is seeing a preview of the border chaos that could occur in the absence of a Brexit deal.

The current crisis has, in fact, renewed the urgency of a business agreement with the European Union which remained in a critical phase after the talks over the weekend.

Meanwhile, the global alarm has been reflected in financial markets.

the European equities they collapsed, and the travel and leisure tickets had suffered the most noise; British Airways owners IAG and easyJet lost around 8%, while Air France KLM fell around 7%.

What to expect in the UK Shoot in balance

The Johnson government’s recommendations on the food supply and, above all, on the arrival of vaccines that will be guaranteed – in case of military flights – are not yet calming the mood in the nation.

The stages are getting darker than expected, even if the ionly today it must be resolved in the next few hours, as soon as there are health certainties and Europe can restore normalcy.

Some economists have cut theirs growth forecast for 2021 for the UK last week, forecasting 7.3% from 8% previously, due to new blocks.

What is happening in these hours, with tougher restrictions and commercial turmoil, will only deepen the “hole” in which the country is located, unleashing more damage and, perhaps, delaying recovery again.

[ad_2]