Responding to the latest Tier 4 restrictions and the prospect of a third national lockdown, IEA Economics Fellow Julian Jessop warned that this could be “the final straw” for many businesses, especially in hospitality – which may have only just survived the first two.

Quoted by The Times, Julian added that “the additional uncertainty caused by another cycle of stop, start and the stop again could also be particularly damaging for confidence and overshadow the good news on the vaccine.”

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