Coronavirus pandemic cost UK economy £250 billion
1 min read
The UK has missed out on hundreds of billions of pounds in gross value added over the last year, according to a new study. The figure lost as a result of the corona-induced downturn is equivalent in size to the entire annual economic output of Scotland. A new report from The Centre for Economics and…
The UK has missed out on hundreds of billions of pounds in gross value added over the last year, according to a new study. The figure lost as a result of the corona-induced downturn is equivalent in size to the entire annual economic output of Scotland.
A new report from The Centre for Economics and Business Research (CEBR) has estimated the global pandemic cost the UK economy well over £200 billion over the last year. The analysis released by the independent research agency suggests that London was hardest hit in absolute terms, however the impact of the crisis was worst felt in the West Midlands and East of England, due to the regions’ dependence on wholesale and retail trade.
Read full article here – https://www.consultancy.uk/news/27427/coronavirus-pandemic-cost-uk-economy-250-billion
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