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In Domestic Affairs

Delta (Indian) wave of the pandemic: what it means for the economy

24th June 2021 Matthew Patridge

Delta (Indian) wave of the pandemic: what it means for the economy Pin It

United Kingdom has one of the highest vaccination rates among European countries. Yet the daily infections are climbing up again as if nothing was done to prevent it. The Freedom day is cancelled and postponed for a month. Or maybe indefinitely. It spells another round of economic downturn no matter what government figures show. The money pumping to prevent the fall of GDP is the only option for the BOE. It can’t be done forever. It seems that the governments will come to a compromise: the money will be provided to economies through endless bond buying, the stock markets will exist separated from the reality. It will rise the inequality and create social problems.

The collapse of such society is inevitable. Or is it? The highly centralised state and the upper class are flourishing. All the dreams suddenly came true with freedoms are ditched for ‘greater good’ and ‘public safety’. The pandemic is like 9/11 for the US, except this time it comes for the whole world.

The United Kingdom had 16,135 new coronavirus infections on Wednesday. That’s the highest daily rate since early February. 10,633 and 11,625 cases were recorded on Monday and Tuesday respectively.

The Delta variant is dominant in the UK and responsible for the increased number of infections. It seems that the Delta is breaching the immune defences provided by current set of the vaccines. This variant would be 40 to 60 percent more contagious than the Alpha (Wuhan) variant, which was previously dominant. Since early May, more and more British people have tested positive for the virus.

The United Kingdom struggled with a heavy coronavirus at the beginning of this year. At its peak, more than 80,000 infections per day were reported. The authorities managed to bring the figures down with strict measures and a high vaccination rate. The decrease has allowed restrictions to be lifted, but future relaxations are at risk as the number of infections continues to rise.

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