8 July 2020

New Statesman: Anatomy of a crisis

In theory, the UK was well-prepared for a pandemic. The Global Health Security Index for 2019 – which measures preparedness – rated only the US higher. Yet the UK has one of the world’s highest official Covid-19 death rates per capita, and its excess deaths during the pandemic period are 45 per cent higher than expected in a typical year. A survey, commissioned by the New Statesman, of more than 500 UK-based business leaders, 72 per cent of whom work for organisations with revenues of more than $250m a year, revealed that 38 per cent thought the UK was well prepared to handle the outbreak, but only 25 per cent thought the government responded well. [...]

Just as the UK locked down late, it lifted lockdown early. At the time restrictions were first eased the UK was still recording nearly seven deaths per million population per day – higher than any other country at the point of lockdown release. [...]

The Organisation for Economic Cooperation and Development (OECD) has predicted the UK economy will shrink by 11.5 per cent in 2020 – more than any other country in the group. Job losses have so far been mitigated by the furlough scheme: while the unemployment rate quadrupled in the US between January and April, in the UK it remained static at 3.9 per cent. However, furloughed workers may find they have no job to go to when the scheme ends in October, and the number seeking unemployment-related benefits has more than doubled. [...]

Boris Johnson – like all leaders in the comparator group – saw his approval rating rise in the early stages of the pandemic. By the end of May it had fallen back to roughly where it was at the time of the UK’s first Covid-19 death. Leaders in Italy, Spain, France, Germany, Canada and South Korea all preserved increases of between 5.7 and 18.9 percentage points. The only world leaders to suffer bigger falls in their approval ratings were Shinzo Abe of Japan, Jair Bolsonaro of Brazil and Donald Trump. Only 33 per cent of our survey respondents rated Johnson’s leadership during the crisis positively. While the Chancellor Rishi Sunak had a net approval score of 21 per cent, Johnson’s was -1 per cent, the lowest of any government member we asked business leaders to rate.

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