We all hope social distancing is saving lives, but there is no doubt that it is destroying livelihoods. For many working-age people, the only thing worse than catching the coronavirus is losing your job to it. Many small businesses are suffering just as much. In the current environment, even big businesses are at risk of failure.
Responding to the spike in unemployment caused by the coronavirus epidemic (and measures to combat it), Scott Morrison put the economy into hibernation this week. He didn’t say for sure when it would come out. That’s the $320bn question.
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