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London Stock (Courtesy: Twitter)
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Stocks In London Record Fall After Lockdown Announcement

London Stock (Courtesy: Twitter)
London Stock (Courtesy: Twitter)

The British capital has just entered the high risk traffic light system at tier two with much of the north of England in the very high risk category.

Households can no longer meet in London, and no more than six people are allowed to gather outside. While in the north, all pubs and bars have been closed with only schools, workplaces and essential services remaining open.

The return of cold weather has returned an increase in new cases, with France in particular seeing some 22,000 a day while Germany is also preparing new restrictions.

The leader of the opposition, Keir Starmer, called on Tuesday for a national lockdown as cases rise in UK, but the financial support this time in UK is less than in March when a three weeks lockdown became three months.

While previously the chancellor Rishi Sunak warned that taxes would have to rise to pay for the spring-summer lockdown with debt already at 100% of GDP.

This debt is likely to continue increasing at an exponential rate following these new restrictions, with the economy not having much room to breath a recovery.

Hence London stocks have fallen today by some 2.3%, with American stocks expected to fall by at least 1%, while German and French stocks are down 2.5%.

Bitcoin and eth have also fallen slightly by 0.8% and 2.3% respectively, with it unclear how they will react to another lockdown.

What appears to be different this time however is that the lockdowns are not complete. Schools generally remain open as do workplaces and shops.

People are therefore going out somewhat normally with face masks on the streets being mandatory in much of Europe.

Suspicions that treatment is being withheld run high, with both Boris Johnson and Donald Trump recovering in three days, while many ordinary citizens are departing.

Nine months on now since January when this first began, and the circa $7 trillion a year global health industry has still come up with nothing that costs less than $90,000 which purportedly was the cost for treating Trump.

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