David McWilliams: When will the money run out in the Covid-19 pandemic?
The money will not run out unless the Central Bank decides not to provide it
Today’s service economy is completely dependent on science and finding a vaccine. With no vaccine, we have no recovery. Photograph: iStock
How long can we go on like this and when will the money run out? This is the question I am being asked all the time. Whether I am out for a walk, in the supermarket (at a safe distance) or on the phone, it’s the same question over and over. How long can we survive?
Some people are concerned about the massive increase in Government spending via the wage subsidy. When will that money run out? Small business owners want to know how long this can go on before they default on loans.