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@Dammit
Given that we seem to be fairly blasé about failing to prepare whilst Italy was a stark warning, I think you are right.
Which suggests that Sunak (or whoever is his chancellor, if he is the new PM) will pivot to austerity as soon as the economy is staggering along again. I'm wondering if we will reach some sort of crisis point in the next few years as the capacity of the state is relentlessly stripped away - in much the same way that we couldn't handle the Lewisham riots today (if the situation were normal, not with C19) because we have lost so many Police officers since then, and even then it was a stretch with vans racing through Forest Hill with "Hedlu" written on the side.
The UK has been comprehensively outperformed by every nation that we habitually mock - the Italians are a great example as their death rate (at the same point in the infection curve) was lower than ours is. At what point in the future do we simply lose the ability to cope with something like C19 at all?