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The UK has entered its third week of a nationwide lockdown as part of measures to try and contain and eventually slow the spread of the killer virus. The public have been told to stay at home, and people going out have been warned to follow social distancing advice of remaining two metres away from one another. But the lockdown has forced businesses across all sectors to close their doors which in some cases, has cost them several millions of pounds in the process.

Millions of jobs have also been lost across most sectors, including leisure and hospitality, leading Britons to fear for their long-term financial futures. The Government has already pledged hundreds of billions of pounds to help businesses and workers heavily impacted by the coronavirus pandemic, as highlighted in Chancellor Rishi Sunak's first Budget last month. But in an explosive editorial, the Financial Times has warned economic lockdowns are hitting those most already worse off, while the "super-rich" will benefit from from monetary measures from central banks. The article argues that while huge support from Government's are necessary, it is in some cases just making matters worse. Please sign up to pledge your support now to our brave NHS Heroes

Britian could be facing a massive economic revolution

Britons will be concerned over the financial impact from the coronavius pandemic

The editorial said: "Countries that have allowed the emergence of an irregular and precarious labour market are finding it particularly hard to channel financial help to workers with such insecure employment. "Meanwhile, vast monetary loosening by central banks will help the asset-rich. Behind it all, underfunded public services are creaking under the burden of applying crisis policies. "The way we wage war on the virus benefits some at the expense of others. The victims of Covid-19 are overwhelmingly the old, but the biggest victims of the lockdowns are the young and active, who are asked to suspend their education and forgo precious income. "Sacrifices are inevitable, but every society must demonstrate how it will offer restitution to those who bear the heaviest burden of national efforts." READ MORE: Coronavirus in animals: Highly likely bats DID start the coronavirus

Youngsters are being hit hard from the enforced nationwide lockdown measures

To conquer this, "radical reforms" will need to be put forward, and policies such as basic income and wealth taxes "will have to be in the mix". Governments will need to "accept a more active role in the economy", and will have to see public services as "investments rather than liabilities". The editorial also warns "redistribution will again be on the agenda; the privileges of the elderly and wealthy in question." The Financial Times article said: "Radical reforms — reversing the prevailing policy direction of the last four decades — will need to be put on the table. Governments will have to accept a more active role in the economy. DON'T MISS

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"They must see public services as investments rather than liabilities, and look for ways to make labour markets less insecure. Redistribution will again be on the agenda; the privileges of the elderly and wealthy in question. "Policies until recently considered eccentric, such as basic income and wealth taxes, will have to be in the mix. "The taboo-breaking measures governments are taking to sustain businesses and incomes during the lockdown are rightly compared to the sort of wartime economy western countries have not experienced for seven decades." The editorial warned Governments must act now, and follow in the footsteps of famous leaders who quickly implemented radical financial plans.

The nationwide lockdown continues as UK cases and deaths rise

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