New Coronavirus restrictions could cost the UK economy £2bn, says IEA economist
30 November 2021
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Coronavirus
Julian Jessop comments for The Sun
30 November 2021
Healthcare
4 July 2024
Julian Jessop comments for The Times
Julian Jessop, IEA Economics Fellow, has commented in the Times on the economic impact of the latest round of Covid restrictions, following the emergence of the Omicron variant.
“The pingdemic in July probably reduced UK GDP by about 0.5 per cent that month.” He said that the impact of a repeat could be greater in school term time and when labour shortages are a bigger problem and that “the new self-isolation rules could knock as much as 1 per cent off GDP in December, costing the economy at least £2 billion”.
Read the full article here.
“The pingdemic in July probably reduced UK GDP by about 0.5 per cent that month.” He said that the impact of a repeat could be greater in school term time and when labour shortages are a bigger problem and that “the new self-isolation rules could knock as much as 1 per cent off GDP in December, costing the economy at least £2 billion”.
Read the full article here.
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