UK Happy New Year: The threat is that the New Year will bring more industrial unrest with foreseable and unforeseable consequences

If the Lockdown can be blamed for the loss of economic activity, endemic strikes will cause untold damage to a weak British economy and the chances are that inflation will then skyrocket with rates of inflation not seen for ages or ever happening in the United Kingdom. You cannot have a national budget in times of significant economic losses. How can you predict how much you are going to spend if the very same day in which you announce the budget the indicators used to calculate your budget have moved upwards. 

Put it this way. You plan to spend X amounts of Pounds for Health. Inflation will eat away whatever monies you invest in Health. If you say that you will invest 100 Pound and then inflation eats away 20 of the 100 Pound, the actual investment will fall from 100 Pound to 80 Pound. If inflation keeps going up and you end end up with an endless series of strikes with people demanding a series of increases just to keep up with inflation, whatever monies are given as increases will never be sufficient. You cannot go on borrowing indefinitely.  Other countries have tried to survive such a cycle and have ended up defaulting and Britain is not big enough not to fail. Given the size of the British economy, there isn't a single institution that could supply the amount of funding necessary to keep Britain alive.

No government could break such a cycle and the moment the country becomes literally insolvent we are going to lose many of the advances made in many areas including Health and Education. This has already been happening when you look at the number of vacancies that remain unfilled. Immigration will make a bad situation worse because the issue is management and not lack of resources and this is very much apparent when you look at other areas like Tertiary Education. If we keep pumping resources to produce things for which there is no demand then we are going to lack the necessary resources for things for which there is demand. The aim for many years has been to increase the number of those attending Universities without thinking about the kind of degrees we really need. The natural consequence has been rising student generated debt, degrees that end up in a drawer without ever been used in the real world and drop outs. The inconsistencies are pretty obvious but political correctness stands on the way of decision makers. As if this wasn't enough, those in charge of managing the budgets of education centres don't mind accepting students for courses for which there is no future as long as they keep getting funding.

We know that there are issues to deal with but there is no political will to deal with them and status quo sustains a permacrisis.

Strikes generate enormous losses for the economy by paralizing the country. As always, the ones who will suffer more because of strikes are the most vulnerable.