Tomorrow!

      Artists paint pictures, so do poets and writers, but figures can also paint a picture. So let's take some figures and try to paint a picture of what lies ahead of us in the UK after covid19 .
         Bank of England unemployment predictions, 2019 3.8%, 2020 8.6% 2021 11.0%
Another prediction:
Unemployment could hit 15 per cent in UK hit by second coronaviruswave

Dark picture even before covid19:

       March 2020 An extra 1.5 million children will have been pitched into poverty by 2021 as a consequence of the government’s austerity programme, according to a study of the impact of tax and benefit policy by the Equality and Human Rights Commission.

      The EHRC study forecasts dramatic increases in poverty rates among children in lone parent and minority ethnic households, families with disabled children and households with three or more children. There are clear winners and losers from austerity tax and benefits changes since 2010, the study says. The regressive nature of the policies means that low-income families have been hit hardest: the poorest fifth will lose 10% of income by 2021, while the wealthiest fifth will see little or no change.

After covid19: 

COVID-19 Impact: 50 per cent of UK households believe they will struggle to meet their financial commitments over the next three months.
       In the first three weeks after the UK government introduced the ‘lockdown’, an estimated 7 million households (a quarter of all households in the UK) had lost either a substantial part or all of their earned income as a consequence of the COVID-19 crisis. The immediate consequences of the crisis for UK households are seen in the large numbers (28 per cent) who were experiencing financial difficulties. An estimated 3.1 million households were in serious financial difficulty and a further 4.8 million households were clearly struggling to make ends meet. Anxiety about money was widespread, with half of all householders saying that thinking about their financial situation made them anxious.
Key findings:

• 3.1 million households are in serious financial difficulty
• 4.8 million households are struggling to make ends meet
• 7 million have lost a significant part of their earnings
• 7.7 million households anticipate some fall in income in the next 3 months
• 10.4 million households are potentially exposed financially
  

On housing: 

• Of those in serious financial difficulty, 64% are renting
• 31% are home owners
  

      These are some of the findings from a national COVID-19 financial impact tracker published by Standard Life Foundation, which were analysed by the University of Bristol’s Emeritus Professor Elaine Kempson, and Christian Poppe at Oslo Metropolitan university.  
      Professor Kempson will be leading the series of monthly surveys, designed to track the ongoing impact of the COVID-19 crisis on household economies. The analysis and reporting is being undertaken by Bristol in collaboration with other researchers, including academics at Oslo Metropolitan University.You can download the full report here.

      Theeconomic fallout of the pandemic could leave 1.1 million more people below the pre-Covid poverty line at year end, including a further 200,000 children, according to analysis released today (Thursday) by the IPPR think tank.

      Well there's a picture of tomorrow, do you feel that it is as it should be, or do you accept that the capitalist system has failed, as usual, to see to the needs of the ordinary people? If so, what are we going to do about its failure? Reformed is impossible, remove is the only answer.

Visit ann arky's home at https://radicalglasgow.me.uk