UK economy is paused, not suffering a hard reset

Following the financial crash of 2008, investors have benefited from a decade of bullish markets, and while there were indications that a slowdown was on the horizon, economic stasis caused by a flu pandemic was not on anyone's radar.

The current situation is truly era-defining and poses significant challenges for governments and investors alike. But as alien as it may feel, the economy is paused rather than suffering a hard reset.  The UK Government is committed to an unprecedented level of monetary and fiscal expansion, giving employers and employees hugely significant support to navigate this storm. This means that rather than an economic crash, the UK is in stasis, with permanent unemployment and business closures minimised. Pershing: A day in the life of a senior manager under lockdown When the environme...