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Covid-19 Pandemic in the UK

Covid-19 Pandemic in the UK

Great Britain like the other countries in the world is living this pandemic with dread, with 51,603 cases identified and 5,373 deaths in the UK as of April 7.

In terms of health, after a period of response by the government deemed to be sluggish in terms of testing and informing the public, hotels, pubs and restaurants have been closed since March 20; the shops remain open, and all “non essential” travel is not yet prohibited, although not recommended in order to prevent the spread of the coronavirus and preserve the National Health Service (NHS) in danger.

In London, a 4,000-bed field hospital was built in a week at the Excel Conference Center in East London Docklands to deal with the Covid 19 tsunami.

The epidemic is in full expansion and very public people including Prince Charles were affected (now healed) then Boris Johnson who after having ignored health advice and braved the risk by visiting hospitals on March 3 and shaking hands with patients in hospitals (although it is not where he was infected in view of the incubation period) was diagnosed positive with Covid-19 on March 27.

Is this the last revenge for Brexit?, asked the tabloid “Mail on Sunday”, which headline was “Did Barnier infect BoJo?”

The British Prime Minister has since continued to work from his apartments at 10 Downing Street. On Sunday, after 10 days, he was hospitalized for precautionary exams officially, but was admitted the next day in the intensive care unit.

Dominic Raab, the Minister of Foreign Affairs replaces him for the daily emergency meeting bringing together ministers, the main medical officer and the scientific adviser.

“Success will belong to everone of us” , encouraged Elizabeth II

Queen Elizabeth II , on Sunday April 5 at the Windsor Castle, through a historic speech, called for the British to be as “strong” and united by staying at home, while appearing in a green dress, the color of hope, encouraging her people and those of the Commonwealth to live up to the “challenge” launched by the coronavirus epidemic with an allusion to previous generations facing the test of war for their unity, their courage and the victory at the end of the collective test.

The government has put in place emergency funding of £ 330 billion to support businesses of all sizes. Rishi Sunak, UK finance minister, pledged to do “everything necessary” to help the economy with an “unprecedented package” including government-guaranteed 0% loans equivalent to 15% of GDP, with the possibility of being further extended according to demand.

The government has also announced a program called the “Coronavirus Job Retention Scheme”, from which all British employers can get help to continue paying part of the wages of their employees who would otherwise have been laid off during this crisis. All British companies are eligible.

At the Real Estate level:
Commercial tenants who cannot pay their rent because of the coronavirus will be protected from eviction; no business will be evicted from their premises if they miss a payment in the next three months.

Agencies have stopped the visits and the market prospects foresee a strong decline in transaction volumes, financing conditions and rental values as elsewhere.

DENIS SELLIER
SELLIER PATRIMOINE

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