UK economy could be 6% smaller than forecast due to tighter Covid restrictions
4 years ago

UK economy could be 6% smaller than forecast due to tighter Covid restrictions

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK economy could be 6 per cent smaller if tougher lockdowns are implemented in the new year to contain the new Covid-19 variant, a think-tank has said. However, chief executive Torsten Bell cautioned that "the return of a 'roaring 20s' feel to hospitality does not mean the whole economy will automatically return to full health". He warned that rising unemployment may mean household incomes fall even during a recovery for gross domestic product –a measure of the size of the economy. We're also creating jobs through our £2bn kickstart scheme, tripling traineeships, incentives for firms hiring apprentices and doubling the number of work coaches, so that nobody is left without hope or opportunity."

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