Double dip recession is on the way – lockdown three is set to cost us £390million a day

Industry News | 06/01/21

The UK faces plunging into its first double-dip recession since 1975, with the latest lockdown expected to cost almost £400million per day.

Output in the first quarter of this year will be £24.57billion lower than it would have been without the third national lockdown, a think-tank warned yesterday.

The Centre of Economics and Business Research (CEBR) predicts that if the lockdown is lifted in mid-February, as Prime Minister Boris Johnson hopes, it will have cost the UK £390million every working day.

Source: The Daily Mail