Business & Investment

Hamish McRae: Covid Jab Passport Can Lift London

Hamish McRae: Covid Vaccine Passport Can Lift London As Capital May Have Lost 500,000

London seems to have lost 500,000 people due to a pandemic. I don’t know the numbers, but one estimate is that the number has dropped by 700,000, but we know that the city center is unmanned.

London will eventually recover as it has in the past, but we also know that throwback can take years. This will be a major obstacle to the UK economy as a whole. So what should we do?

Now, one thing is to allow people to come to that place. In 2019, more than anywhere else on the planet, about 180 million people flew at six London airports.

Abandoned: London seems to have lost 500,000 in a pandemic

Remember that in addition to Heathrow, Gatwick and Stansted, there are also Luton, City Airport and South End. The UK’s Big Three petition for government support (see below), of course, concerns the loss of their business. But it is also a plea for the economy, especially in London.

People tend to think that the economy will succeed no matter what happens. I think the mayor, Sadiq Khan, thinks that way. It rather assumes that, in order to judge by the lack of priority given to financial services by the government in Brexit negotiations.

But this is not just about finance. It seems that the slander has survived the storm better than expected. The question is how a huge network of many talented people from abroad, crowded together with grand and discreet work, will restore their lives.

One case. Half of the West End theater spectators are foreign tourists. So how big would their audience be if people couldn’t fly here when they finally resumed? And how many people do you think have lost their jobs not only in theaters, but also in nearby pubs, coffee bars and restaurants?

You will need an on-the-spot test and a vaccine passport to resume your trip. A hotel quarantine plan is, at best, a short-term emergency policy, and in the worst case, a stable door closure. Worth to see, but in the context of allowing the British to go on vacation to the continent.

More importantly, find a way to allow foreigners to enter the UK freely. Other countries, including Sweden, are considering digital passports. Since the UK has control over vaccination programs, it makes sense to take control over vaccine certificates as well.

Past: In 2019, about 180 million people flew at six London airports. This is more than anywhere else on the planet.

Past: In 2019, about 180 million people flew at six London airports. This is more than anywhere else on the planet.

Moving London is a much more complicated task. Politics is useless. Helping the wealthiest places in the country would seem contrary to the government’s level-up agenda. Having a group of mayors and hostile opposition lawmakers attacking the government also does not help.

Some London policies, such as trying to reduce traffic, inevitably slow recovery. When London was booming, you were able to escape the policies that hindered growth. You can never do it when your back is flat.

All you need is a two-step plan. There must be some festival to commemorate the reopening.

The obvious model is a show held by the city for the Olympics. Obviously you can’t do that, but London needs to somehow celebrate it’s back in business and that people from all over the world are welcome.

Then, a series of detailed policies, including transportation, must be removed to make Londoners feel that the place is better operated. And there are more general issues such as how to rebuild the creative arts industry and how to encourage a return to office life.

This all requires attention and thought. The challenge is to make it a three-year recovery, not a ten-year one, but a longer idea.

Advertising

Hamish McRae: Covid Jab Passport Can Lift London

https://www.dailymail.co.uk/money/comment/article-9231945/HAMISH-MCRAE-Jab-passports-lift-London.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 Hamish McRae: Covid Jab Passport Can Lift London

Back to top button