Quote Originally Posted by BCram View Post
Was hoping for some free financial advice. I don't think we are in any way prepared for what will happen. The figures are absolutely huge and yet there are calls for revenue to be raised with new taxes on capital value of assets held by citizens. Homes, change the taxation to a % of the value, income, give everyone a basic income, tax, ramp up inheritance tax and income tax rates.
There was an article I read but it blew my heid aff as I just didn't understand it.

Basically every world economy prints money and pays off it's debt at exactly the same time. Read to me like quantitive easing on steroids......just don't understand how that works......sounds straight from the Jeremy Corbyn book of economics but as I say I didn't really understand it.

I do think the 1st emergency budget will also cover all emergency exits for the vast majority of people there will be no escape, for the super wealthy there always is secret tunnels and escape routes.

They won't want northern rock style queues forming either so maybe there will be a period of limited daily cash withdrawals as well.