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by scatters 1621 days ago
The UK did lockdown somewhat harder than the US (but not some US states), but that mostly only affected hospitality and entertainment, and home-based activities made up for that to an extent. The debt is inconsequential (for now), and inflation is still nothing compared to the '70s.

US GDP is around 2.5% below pre-covid trend; the UK is far behind that. UK exporters (and importers) have taken a huge hit from the new trade barriers.