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Lock the place down for 10 weeks and go on a massive vaccination program like a war effort. The numbers aren't that extreme even if the govt is very generous.
£500 pw for every adult - 45M * £5k = £225B
£100 pw for every child under 12 - 10M * £1k = £10B
£150 pw for every child under 18 - 9M * £1.5k = £13.5B£248.5B for a massive stimulus package that could get us to a 40%ish immunised society with 90%+ of the vulnerable and key workers immunised.
The have already spent £280B and we're not much closer to the finish line IMO
Big issue with subsequent lockdowns of greater severity is that huge swathes of the country don’t give a fuck anymore, and the fear inducing rhetoric of March was a one trick pony. I guess they could try enforcement but the police services are so hollowed out that probably won’t work either.
Time will tell what approach is the right one for western democracies where you can’t enforce behaviour like you can in places like China. Maybe the USA have the least damaging strategy at a macro level, taking all the deaths as early as possible and disrupting their economy/way of life the least?