The China and Hong Kong economy fell off a cliff the 2 months from mid Jan and are in recession. Expect the same in Europe and USA the next few months. We are heading for a seriously tough times on health, social and economics.

China collapse in retail down 24%, asset investment down 20% and manufacturing in negative territory. In the areas that went into shut down on 24th Jan, many shops and factories are still to reopened.

Hong Kong tourism to 4% of what it was the same time last year. Their govermment are reinvesting to save jobs.

Travel restrictions will bankrupt the holiday industry, hotels, airlines and cruise industry by the middle of the year.

The knock on will be to create bad debt in the Banking sector (we've seen that before).

Our retail sector and shopping centres (like Bluewater and Meadowhall) are already in serious financial trouble. 2 months of shut down will kill many. Bars, restaurants and cinamas will close.

Companies will lose sales and its supply chain and, at the same time, have to pay its workers.

Not sure the Government help annouced in the budget will go far enough.

Who should pick up the bill? Should it be down to private businesses or should we all take a hit.