2-year Brexit extension costs U.K. £380bn, with more than half from deregulation – although Tories have not taken any steps to do so – so unclear how it will be achieved by within two years…
…the paper just represents another attempt at describing the size of the unicorn, but dealing with real life…like everything else on Brexit…
A think-tank has warned that an extension to the Brexit bill could cost the UK an eye-watering £378billion, as the country increases planning for no-deal after trade talks with the EU stalled last week.
Effects of Novel Coronavirus (COVID‐19) on Civil Aviation: Economic Impact Analysis – Scenario based study from ICAO on possible 2020 impacts
The latest estimates indicate that the possible COVID-19 impact on scheduled international passenger traffic for the first 9 months of 2020, compared to Baseline (business as usual, originally-planned), would be:
V-shaped path (a first sign of recovery in late May)
- – Overall reduction ranging from 41% to 56% of seats offered by airlines
- – Overall reduction of 705 to 963 million passengers
- – Approx. USD 160 to 218 billion potential loss of gross operating revenues of airlines
U-shaped path (restart in third quarter or later)
- – Overall reduction ranging from 57% to 67% of seats offered by airlines
- – Overall reduction of 961 to 1,117 million passengers
- – Approx. USD 218 to 253 billion potential loss of gross operating revenues of airlines
The impacts depend on duration and magnitude of the outbreak and containment measures, the degree of consumer confidence for air travel, and economic conditions, etc.
International Air Travel as an Indicator of COVID-19 Economic Recovery… if any enterprise is likely to be a leading indicator of economic expectations, it seems that the airline industry is a good candidate
9/11 attacks provide a good reference point for international air travel, it took the aviation industry months to resume normal operations. Much the same can be expected when it comes to post-COVID-19 travel. Fear will diminish interest in travel, aviation systems will be disrupted and new health measures will need to be deployed. Indeed, if anything, the continuing virus-related disruptions may be deeper and longer-lasting than those that followed the 9/11 attacks.
Coronavirus Response Boris Johnson’s government keeps promising to “Get Brexit Done,” even as the deadly pandemic ravages the country.
“Yet, as several other nations tackle the pandemic in more effective ways, British exceptionalism has collided with reality. It was the government’s decision to listen to a small handful of British scientists, after all, that may have prevented the UK from ramping up its testing at a critical juncture in the pandemic.”
Air traffic before and after Europe’s coronavirus lockdowns…an animated graphic released by an international aviation organisation shows the dramatic impact the lockdowns have had on air travel.
Eurocontrol, which manages flight networks across Europe, said the continent’s largest airports had 90% fewer flights compared with April 2019