Francis Coppola

Monday afternoon, 25th May 2020. A beautiful, warm day on which to watch our new overlord make his first speech to the nation. I refer, of course, to Dominic Cummings's press conference.The Daily Mirror and the Guardian had revealed that Cummings had gone to stay in a family cottage near Durham at the end of March, and that he had also been seen in Barnard Castle, about 30 miles from Durham. The country was under full lockdown at the time, with non-essential travel completely banned, so both...

The freesias that my daughter sent me are long dead, but the clematis in my garden is in full flower, and the flowers smell of vanilla. It has taken over six weeks for my sense of smell to return. But I was only mildly ill. For many people, the road to recovery is much longer.Initially, coronavirus was thought to be a respiratory illness causing cough, fever and breathing difficulties. But the range of symptoms that the virus produces is now known to be much wider. Headache, muscle pains,...

The freesias that my daughter sent me are long dead, but the clematis in my garden is in full flower, and the flowers smell of vanilla. It has taken over six weeks for my sense of smell to return. But I was only mildly ill. For many people, the road to recovery is much longer.Initially, coronavirus was thought to be a respiratory illness causing cough, fever and breathing difficulties. But the range of symptoms that the virus produces is now known to be much wider. Headache, muscle pains,...

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The economy slumbers in its induced coma. Businesses are closed, workers furloughed or laid off. But the astonishing headline falls in economic indicaters such as GDP and PMI conceal a grim reality. Businesses are closing not just because they have been ordered to do so, but because they are running out of money. And people who have lost their jobs or become ill are also running out of money. If businesses fail instead of being mothballed, the eventual economic recovery will be slow. And...

The economy slumbers in its induced coma. Businesses are closed, workers furloughed or laid off. But the astonishing headline falls in economic indicaters such as GDP and PMI conceal a grim reality. Businesses are closing not just because they have been ordered to do so, but because they are running out of money. And people who have lost their jobs or become ill are also running out of money. If businesses fail instead of being mothballed, the eventual economic recovery will be slow. And...

A few days ago, the vicar of my church helpfully sent me a booklet of daily meditations for Holy Week and a palm cross. Inevitably, coronavirus is a theme, and it seems appropriate: after all, the virus is so named because it resembles a "crown of thorns".  The meditation for Palm Sunday highlights Pilate's symbolic washing of his hands, absolving himself of any responsibility for the death of another, and asks how we feel about our own virus-induced hand washing ritual: How do you feel...

A few days ago, the vicar of my church helpfully sent me a booklet of daily meditations for Holy Week and a palm cross. Inevitably, coronavirus is a theme, and it seems appropriate: after all, the virus is so named because it resembles a "crown of thorns".  The meditation for Palm Sunday highlights Pilate's symbolic washing of his hands, absolving himself of any responsibility for the death of another, and asks how we feel about our own virus-induced hand washing ritual: How do you feel...

Remember Friday Night Is Downgrade Night, from the Eurozone crisis? It's back. Last night, Fitch Ratings downgraded the UK to AA-, negative outlook. Here's their rationale: The downgrade reflects a significant weakening of the UK's public finances caused by the impact of the COVID-19 outbreak and a fiscal loosening stance that was instigated before the scale of the crisis became apparent. The downgrade also reflects the deep near-term damage to the UK economy caused by the coronavirus...