IEA research quoted in The Times
The economic costs are so great even when set against the lives saved that lockdown may not be worth it, according to an article in The Times citing a report from the Institute for Economic Affairs.
It says: “As the government prepares to allow pubs, restaurants and hairdressers to reopen on July 4, Mr Jessop said that the pandemic had been a ‘grim’ reminder of the ‘tragic choices’ that sometimes need to be made. While people may feel squeamish about looking at human life in financial terms, such calculations are necessary to make the most of limited resources in the fairest and most effective way.”
Read the article in full here.