UK economy likely to be 6% smaller at Easter than previously forecast

-

Resolution Foundation says lockdowns and tier 4 restrictions will lead to depressed growth in 2021

The fresh wave of coronavirus restrictions could lead to the economy being 6% smaller by Easter than official forecasters had predicted just last month, one of the UK’s major economic thinktanks has warned.

The Resolution Foundation said the national lockdowns in Scotland and Wales and the tier 4 restrictions imposed in much of England would lead to depressed growth until Easter, and lead to 4.3% growth in 2021 compared with the 5.5% forecast by the Office for Budget Responsibility (OBR).

Continue reading...

from The Guardian https://ift.tt/34LlkBK

Comments

Post a Comment

Popular posts from this blog

‘Help us or LSO fails’: Sir Simon Rattle’s plea over Covid and Brexit

-
As the orchestra prepares to welcome back live audiences, the conductor urges ministers to act on new touring rules in Europe Sir Simon Rattle and his top team at the London Symphony Orchestra have appealed for government support to help them survive the difficulties created by Brexit and Covid. The orchestra depended on international touring – much of it in Europe – for 40% of its revenue before the coronavirus, with tours cancelled by the pandemic . Continue reading... from The Guardian https://ift.tt/3tQnObB
Read more

The Glasgow Effect: examining the city's life expectancy gap – a photo essay

-
Documentary photographer Kirsty Mackay examines the causes of the ‘Glasgow Effect’ in a highly personal project. She looks at Glasgow’s excess mortality in comparison to the UK average and shifts the focus from the individual to government policy. The Fish That Never Swam will be published as a book later this year. In Glasgow people’s lives are cut short: male life expectancy in Possil is 66, in Penilee three young people took their own lives within the space of one week this June, suicide in Glasgow is 30% higher than in English cities, male life expectancy is seven years short of the UK average and women’s is four years less. This is not isolated to areas of deprivation – Glaswegians across all social classes experience a 15% reduction in life expectancy. We have known about the “Glasgow Effect” for more than a decade. However, the root causes for Glasgow’s excess mortality are not in the public domain. The explanation lies in government policy – not with the individual and t...
Read more

The 20 best songs of 2020

-
Our writers considered hundreds of contenders – and here are their picks of the year. Listen to all 390 tracks they voted for on our playlist Delivered from a nightmare: why our No 1 song works so well We kick off our end of 2020 music coverage with Guardian critics’ favourite songs, with our album of the year countdown starting tomorrow. As ever, each critic votes for top 20 songs and albums, with points allocated for each placing, and those points tallied to make these lists. There were 390 songs voted for in all – we’ve put ( almost) all of them in a Spotify playlist . Please share your own favourite songs of the year in the comments below, and we’ll hopefully see you in a festival field in 2021 … Continue reading... from The Guardian https://ift.tt/3liPlhp
Read more