The Bank of England has warned that the UK is more exposed to lockdowns due to its higher share of “social consumption” in the economy. Spending on activities involving interaction with other people – such as cinemas, restaurants or live sports – accounts for around 13pc of the UK economy, compared with around 11pc in the US and 10pc in the Eurozone.
We spend substantially more on experiences rather than things than other peeps. Like wot the Greenies tell us we must do. Althoughm for some reason, they never seem to point out that we already do more of what they say we ought to.