The UK Chancellor, Rishi Sunak, has announced a £330bn loan package to allow companies to access loans, a business rates holiday, support for airlines in trouble and help for small firms without loss of income insurance.  There will also be a £20 billion package of other support which remains undefined right now. There will also be a three-month mortgage holiday available to homeowners who have trouble meeting their payments due to the impact of coronavirus. On the face of it, this looks like a good start. However, the UK Government has a track record of targeting its bailout strategy at the wrong recipients. The banking crises bailout went solely to the banks and asset holders. As a result, the rich got richer and the poor got poorer, and then we all had to pay for that bailout with a decade of austerity. The government neglected ordinary people during the banking crises and simply helped the banks. This time around it looks like they will repeat that mistake but also fail to adequately support small businesses and sole traders who will be amongst the worse hit.