Openwork Review: We will defeat this coronavirus and defeat it together

Ahead of a bright and sunny Easter weekend, the government pleaded with the UK population to resist the temptation to go outside. The importance of continuing to abide by lockdown measures was starkly reinforced on Easter Sunday, as recorded hospital deaths surpassed 10,000.

Boris Johnson was also discharged from St Thomas’s Hospital on Sunday following a week’s stay, including three nights in intensive care. His gratitude to the NHS staff who cared for him was evident in a heartfelt video message, in which he said there was “no question” that their dedication had saved his life. He continued: “We will win because the NHS is the beating heart of this country, it is the best of this country, it is unconquerable, it is powered by love.” The Prime Minister will spend some time recovering at Chequers before returning to the job, on the advice of his medical team.

Mr Johnson also extended his thanks to the millions of people in every corner of the UK who have been abiding by lockdown measures, declaring: “We will defeat this coronavirus and defeat it together.”

“Herculean effort”
The supply of personal protective equipment (PPE) took centre stage in discussions this week, with many NHS workers revealing shortages. In Friday’s daily coronavirus press briefing, Health Secretary Matt Hancock addressed these concerns, saying that following a “Herculean effort” to procure sufficient PPE, there was now enough for everyone – but that there was “clearly a huge task ahead” to keep up the flow to those who need it.

On Thursday, senior ministers and officials from the Scottish, Welsh and Northern Irish governments came together for an emergency Cobra meeting chaired by Dominic Raab. The aim of the meeting was to “take stock” of the effect lockdown measures were having “and assess where we are right across the United Kingdom.” Current indicators strongly suggest that the UK’s lockdown measures will remain in place. Indeed, at the Downing Street press conference on 13 April, Mr Raab stated that he does not anticipate there being any changes to lockdown measures until the government’s scientific advisers are confident that it is safe. Further announcements on this topic will come once the Scientific Advisory Group for Emergencies (SAGE) has assessed the data.

Further support announced
The Chancellor of the Exchequer, Rishi Sunak, unveiled a £750m support package to assist struggling charities hit by the pandemic. Charities providing key services will now have access to direct cash grants to keep them afloat.

Talk turned to victims of domestic abuse on 11 April as Home Secretary, Priti Patel, took to the podium. Calls and online requests for help to the National Domestic Abuse helpline have increased by 25% since lockdown began, she revealed, before earmarking £2m for domestic abuse services.

‘We will come out of this crisis more resilient’
Further fiscal and monetary stimulus to soften the impact of coronavirus on the economy took effect last week, with many major global stock markets seeing improvements. European stock markets saw gains for the fourth consecutive day on Thursday, with the FTSE 100 taking the lead. A $2.3tn programme from the Federal Reserve, aimed at shoring up local governments and businesses, helped to boost sentiment, while a €500bn rescue package was agreed by EU finance ministers to assist struggling European countries. The world’s top oil producers agreed a historic deal last week to cut global petroleum output by almost a tenth, ending a destructive price war.

Kristalina Georgieva, Managing Director of the International Monetary Fund, published a paper on 9 April entitled ‘Confronting the Crisis: Priorities for the Global Economy’. It concluded with a strong statement: ‘It is this common threat that brings us all together, to harness the greatest strengths of our humanity – solidarity, courage, creativity and compassion. We don’t know yet how our economies and way of life will change, but we do know we will come out of this crisis more resilient.’

An uplifting Easter message
Just a week after her national address of 5 April, the Queen released an Easter message, she insisted that “Coronavirus will not overcome us” and reinforced the importance of the government’s safety measures. The monarch recognised the difficulty of an Easter under lockdown, but also emphasised that abiding by social distancing rules will keep everyone safe. She wished a Happy Easter to people of all faiths and denominations across the UK, concluding: “May the living flame of the Easter hope be a steady guide as we face the future.”

Keep talking
Financial advice is essential in the current circumstances. Don’t hesitate to get in touch with your Openwork Adviser for considered, measured advice to assist you in navigating these uncertain times.

Get in touch
Close navigation menu