The Bank of England cut interest rates by 50 basis points to stimulate the UK’s economy. Interest rates before the cut were 0.75%. The 50 basis point rate cut won’t be enough to stimulate UK consumers, according to British economists. England faces the wraith of COVID-19. That’s the same microscopic villain that has the rest of the world running for cover.
There’s no vaccine to stop the virus, and the typical methods of washing hands and standing away from large crowds are not as effective as government health officials claim it is. Europe and the UK could suffer the same fate as China in terms of the number of cases reported, and the U.S. is this tiny villain’s next victim, according to the World Health Organization.
UK officials think Trump’s response to the COVID-19 outbreak hurts more than helps stop the spread. The president continues to downplay the danger associated with this strain of the coronavirus. Mr. Trump said there are enough test kits to test everyone in the U.S., but health officials and doctors across the country claim that’s not true.
CDC head Alex Azar doesn’t know how many kits are in the hands of private test labs. The CDC doesn’t keep track of the private labs across the country. Azar said 6,000 test kits are in the hands of public labs right now, and more are on the way. The test kit information from government officials leaves a lot of questions in the minds of people exposed to COVID-19, according to the Washington Post.
Mike Pence told the press more than three million test kits are in the hands of health officials, but that number of test kits doesn’t put a dent in COVID-19’s plan to infect the nation. Tony Fauci, one of the top health officials in Trump’s administration, thinks the virus will continue to infect millions of people in the United States, but most of those cases won’t be fatal. Fauci claims the elderly and people with pre-existing health conditions should take extra precautions, like staying at home until the virus disappears.
Trump’s disjointed response to the coronavirus pandemic concerns allies and the American public. The president seems more concerned about the eroding economy than the medical health of the nation. Mr. Trump told the press not to worry. Mr. Trump said he’s got things under control, but the rapid spread of COVID-19 proves otherwise, according to the New York Times.