(By Keith Pilbeam and Steve Brown )

 AMSTERDAM-NOIR- Volksnieuws voorspelde het al direct: It’s official & a damning indictment, the Covid-19 lockdown has made the rich vastly richer and poor vastly poorer(VIDEO’S)

OM & AIVD-Adviseur-Peter R. de Vries ‘van‘ Kroongetuige-Junkie Nabil B. :” Maxwel & Epstein& Demmink zijn onschuldig, de vrouwen(kinderen) en jongens wilde zelf”(VIDEO’s)
Despite the ‘Royal -Taxfree- War Crime-Pedo Raoist-Epstein & Prince Andrew& Demmink-Killer- Eilte’ – US& UK& Dutch  government lobbing  trilion of pounds & Dollars& Euro’s at the corporate  crime corporation & the Snake in Suits of Wall Sreet en Eliet Crime Banks   the problem millions will lose their jobs and thousands of businesses will go bust. And it’s the poor and the young who will bear the brunt.

Rutte&Co : ‘Judas- Klappen’ voor Zorgmedewerkers en ze daarna keer op en keer een Klap in het gezicht geven. Bonusje niet voor iedereen!(VIDEO’

Der Endlösung corona-Bom-virus lockdown has had a devastating effect on the economic output of the United Kingdom (&US& Dutch), with the latest estimate being that it fell by over 20 percent in the month of April and is likely to have stabilised at around this level in May.The UK&US& Dutch  is a heavily trade-dependent nation, and April saw export volumes fall by 17.7 percent and imports volumes decline by 26.5 percent. To avert an even worse outcome, the Taxfree-Royal-Elite Pedo-Rapist-Crime- government has intervened on an unprecedented scale to reduce the adverse effects on the economy, The Snake in Suits- companies and households.

US&EU is back to feudalism, with ‘Taxfree-Royal-Killer-Elite- Pedo-government’ treating ‘Americans & Europeans like peasants’(VIDEO’s)

‘Psycho Boris Johnson’ steels public money for bizarre seks with Callgirl. It doesn’t matter, as his ‘Dutch King Willem-kind’ always get away with it & Dead to China!(VIDEO’s)

Since the start of lockdown on March 23, the economy has been in freefall, with output plunging by 5.8 percent in March and 20.4 percent in April. Manufacturing output fell by 24.5 percent and the service sector by 19.8 percent in the same time period, but, due to the speedy emergency measures taken by the government, this has not yet been fully reflected in the unemployment figures.The job-retention and self-employed income-support schemes, and the provision of emergency loans and tax deferments for companies has prevented an even worse outcome. The predictions are dire: a fall in GDP of 11.5 percent for 2020 and a rise in unemployment from 3.9 percent in March to in excess of 10 percent by March 2021.Some sectors have been decimated by the lockdown and social distancing, with April figures showing widespread falls in revenue for accommodation and food services (-88.1 percent); construction (-40 percent); arts and entertainment (-39.7 percent); education (-33.4 percent); transportation and storage (-28.8 percent); wholesale, retail and motor services (-27 percent). A few other sectors have performed somewhat better, including information and communication (-13.3 percent), and financial and insurance services (-5.3 percent).

 Throwing billions down the Taxfree-Royals & Snake in Suits- drain?

‘Wit-was-Kabinet-Judas-Rutte&Co’: ‘Rat in pak-begroting- Corona aasgieren – te kort’ dit jaar 68 miljard te betalen door de Labbekakken(VIDEO’s) 

The ‘Taxfree-Killer-Elite –government’ response has been swift and significant, with the focus being the furlough scheme, which is covering some 9.3 million employees at an estimated net cost of £39 billion. There is also a £10 billion support scheme for the self-employed. An additional £16 billion was earmarked for essential public services and £15 billion for grants and loans to businesses.The total cost is estimated to be £103.6 billion, of which £99.3 billion is in increased government expenditure and £4.3 billion in tax cuts and concessions. The effect on the government finances will be a fiscal deficit of more than 10 percent of GDP, and the national debt rising from 80 percent to an eventual 110 percent of GDP over the next few years.

Grootste Goudroof ooit van 2 miljard en Moord op Assange door Engelse ‘Kangeroo-rechtbank’ in opdracht van ‘Mad Dog –Trump’.Rutte&Co & ‘EU Fraudeur- D66-Sophie in ’t Veld’: Het is Oké ! (VIDEO’s)

Zeldzame motie van afkeuring in Eerste Kamer tegen ‘AIVD Boss & Censuur-Queen- Ollongren’ de Beschermvrouwe van de Royal-Huisjesmelkers is aangenomen(VIDEO’s)

The ‘Taxfree-Elite Killer-government’ with Pedo-Rapist Queen Elizabeth&  Mad Dog Trump’s ‘Poodle Boris Johnson’   policy interventions will largely be financed by the new quantitative easing programme announced by the ‘Elite-Crime Steel the Gold- Bank of England’, worth £100 billion. Although this runs the risk of causing inflation and undermining the perceived independence of the Bank, these are largely concerns for the future. The same happend in the US and The Nederlands from Slave Master Mark Rutte(VIDEO)

I’ve seen too many families kicked out of their homes. It’s why I despair about the tsunami of evictions that’s coming.The Taxfree-Royals& Elite Gangsters  rich just get richer
Incredibly, because they’ve not been spending so much on travel, or out-of-house activities such as holidays and eating out, over a third of the richest fifth of the population have seen their savings increase during the crisis. This cannot be said of many of those in the bottom part of the income distribution, whose debt burden has increased and who’ve had to rely on loans and the support of family and friends to make ends meet.The Resolution Foundation also reports that employees in the “mixed or other ethnic group” category have suffered the largest rate of job losses to date, at 12 percent, together with Asian British at 11 percent, compared to a national average of 4 percent, due to the fact these groups disproportionately worked in sectors of the economy most affected by the pandemic. Interestingly, for the black ethnic group members who predominantly work in essential services, the figure is line with the national average.In 2018–19, the average income of UK citizens in the black ethnic group was 18 percent lower than for white people, once an allowance for benefits and taxes has been made. The pandemic will only worsen income inequality.

Trump & Joe Binden-America First’ in Poor People and hungry Children:Time for Poor People’s Campaigning the US & EU(VIDEO’s)

The corrupt Snake in Suits- government’s Office for National Statistics (ONS) reports that 40 percent of workers in the poorest fifth of households have jobs in sectors of the economy with the highest exposure to the coronavirus. People from lower-income households are also less likely to work from home, and are more likely to work in customer-facing roles that increase their risk of exposure to the virus. By comparison, only around 25 percent of the richest fifth do such work.Another group that has been heavily impacted by the crisis is that comprising the five million self-employed, almost half of whom have lost work due to the crisis.

Britain& Dutch and US’s  not working.Deel Kamer bezorgd over Duistere Master Rutte’s kosten nieuwe onderzeeboten van ‘Wapenhandelaar’ Trump(VIDEO’s)

The labour market is exhibiting clear signs of severe distress. Her Majesty’s Revenue & Customs’ payroll data suggests that 600,000 workers have already been made redundant. Advertised vacancies have fallen from more than 800,000 in March to below 400,000 today, while the pay growth of average weekly wages, which was 2.2 percent annualised in the first three months of the year, dropped to -2.7% in the second quarter. There has been a rise of 2.5 million people claiming Universal Credit.The future looks bleak. The casualisation and job insecurity of the workforce will increase significantly, fewer permanent jobs will be available, zero-hours contracts and work in the gig economy will become more commonplace, and more people will be forced into the vagaries of self-employment.

They’ve found that money tree again’: BoJo’s taxpayer-funded £900k patriotic rebrand of military plane provokes fury
And the public sector will not be immune either, as the need to balance the books will force both central government and local councils to cut jobs, and to offer more jobs on a short-term and/or zero-hours-contract basis.As the Snake in Suits- economy gradually reopens from the national lockdown, and social-distancing measures are eased, there should be a significant recovery during the July to October period. However, job losses will intensify and the hopes of policymakers for a V-shaped recovery are likely to be disappointed.According to the ONS, companies are in worse shape today than they were in the run-up to the global financial crisis: net private non-financial profits were just above nine percent at the end of 2019, whereas they were at around 11 percent in 2008.The end of the furlough scheme will mean that as many as 20 percent of furloughed workers or close to two million people will lose their jobs. Firms that don’t immediately go bankrupt will be reluctant to invest or hire, preferring to retain cash flow to enhance their chances of survival.Consumers will be facing reduced real wages, greater actual or fear of unemployment, and increased debt exposure, all of which will heavily constrain consumer expenditure over the next few years.Fears of a second or third wave of the virus, and enduring social-distancing measures will ensure that economic activity will remain significantly below the pre-pandemic level well into the latter half of 2023 and possibly beyond.Problems will be compounded by a government that has clearly demonstrated it lacks competence and will face an urgent need to reduce the unsustainable fiscal deficit it is currently running.It is also a government intent on a relatively hard form of Brexit that will add further significant damage to an already fragile economy. One can hope for the best, but I fear the worst and most prolonged recession in living memory is the most likely outcome.

Het misdadige resultaat van Rutte 1,2,3: Meer mensen naar de Voedselbank & Dak & thuisloos en meer mensen onder armoedegrens, maar de King vangt 300 miljoen euro per jaar.(VIDEO’s)

Like this story? Share it with a friend!

 (By Keith Pilbeam, Professor of International Economics and Finance at City, University of London. He’s worked for various City of London financial institutions, and is president of the International Economics and Finance Society. He is the author of two books, ‘International Finance’ (2013) and ‘Finance and Financial Markets’ (2018))
 (ing Steve Brown is Underground Presentator Stem van de Straat, Hoofdredacteur Volksnieuws uit Amstderdam-Noir , Bestseller Auteur, Volksgangster& Verzet’s Held, Vlogger, Coffeeshop oprichter/eigenaar The Happy Family,Veronica Presentator Zware Jongens, Bijzonder Hoogleraar Media Maffia, Klaprecht jurist, Streetreporter,Bestseller auteur, Maatschappelijk werker,Regisseur, Programmamaker. Bedenker van het ‘Rat in Pak Elite-Gangster Billboard’(VIDEO’s), Klokkenluider,slachtoffer Moord &AIVD& politie-aanslag Judas-Informanten ‘Hoerenjong -Bruine Rat- Bas van Hout’ en ‘Junkie-Hoerenloper-Peter R. de Vries & ‘Ratje- Jaknikker Jeroen Pauw’, ‘Staats-AIVD-NPO’ en de Persgroep Parool. Volkskrant, NRC en Algemeen dagbald(Video), etc,etc, etcetera)) Steve Brown travel true the hole world ass Leader of the Happy Family and there after in places like Pakistan, Afghanistan, India, Golden Triangle, Nigeria, etc., where no tourist can come and talked wit Generals, Drugs lords, Ministers en Kings and Tribal leaders. Brown hold a degree in social science and a degree in Law of the University of Amsterdam and spent three months in jail as suspect of murder and member of the crime group from the Serbian Jocic the Crime-King of Amsterdam(Video) and he survived three Murder attempt on in his life.)