For the Chancellor to produce an emergency bailout package just six days after delivering his Budget is an extraordinary state of affairs, but such is the fast-moving nature of the coronavirus crisis. The virus itself is growing along the expected trajectory, testing the limits of the NHS — but no one could have modelled the
Coronavirus The government asked all people over 70 to cease from social contact for at least 12 weeks in order to avoid catching the coronavirus Covid-19. If anyone had a high temperature or new continuous cough, the whole household should stay in for 14 days. Everyone should work from home if they could and avoid
As every Chancellor knows, behind every figure in the Treasury lie thousands of human stories. At times like these, saving lives is the first, unmitigated priority. This means releasing whatever resources the NHS requires. Hospitality, retail, the self-employed: otherwise healthy enterprises of every description are facing an existential threat. Supporting businesses with government-backed loans is
Those with signs of Covid-19 are being asked to ‘self-isolate’ (Latin insula, ‘island’). But do they have the mindset for it? That requires self-sufficiency, for which the Greeks had a word: autarkeia (our ‘autarky’; contrast ‘autarchy’, ‘absolute rule’). Such a mindset was essential in the ancient world, where the threat of starvation, disease or disaster
Taking off Who came up with the concept of ‘helicopter money’? — The term is derived from an essay in 1969 by the economist Milton Friedman, who suggested a theoretical experiment where a helicopter flew over a community suffering from low growth and dropped $1,000 of banknotes which were then eagerly collected by the residents
British science Sir: Dr Fink is right that the UK bats well above its weight through curiosity-driven research (‘Back to basics’, 14 March). This forms the bedrock of scientific progress, but it is misleading to imply that ‘blue skies’ thinking and practical application are mutually incompatible. Should we not nurture both? In this way the
