Rob McArdle, CWU Coventry in personal capacity, and Socialist Alternative (ISA in England & Wales) The Coronavirus has spelt disaster for the airline industry like nothing ever seen in our lifetime. With flights grounded, hospitality workers furloughed and no cure in sight, capitalism offers no way out of the crisis. […]
On Thursday 30 July at 9.15pm new restrictions were imposed on over 4 million people living in Greater Manchester, East Lancashire and parts of West Yorkshire. The restrictions applied from midnight, ie within three hours.
In 2014, the UK tech industry was estimated to be worth £58 billion. By 2018, according to a new report from Tech Nation, in collaboration with Ernst and Young, the UK’s technology sector was worth nearly £184 billion – up from £170 billion in 2016. This is also the case if we take a look at it from a global perspective. By 2017, the Big 5 (Apple, Alphabet, Amazon, Facebook, Microsoft) were valued at £3 trillion.
The Covid-19 pandemic and the subsequent shutdown – which came in the context of an already developing global economic downturn and an especially weak and failing British economy – has had massive and unprecedented consequences. According to the Office for Budget Responsibility, Britain’s GDP has fallen by an estimated 35% in the immediate aftermath of the lockdown being announced.
