Boris Johnsons’ refusal to order a two-week national circuit breaker will cost the economy $ 110 billion.
And that’s the equivalent of double the country’s spending on schools.
Analysis of the work shows that if the virus continues to spread to levels seen earlier this year, the failure of PMs to act will cause Britons’ wealth to drop by an additional six percent.
Phantom Chancellor Anneliese Dodds told the Sunday Mirror: Ministers are blocking a circuit breaker because they don’t understand or care about the multibillion pound cost of doing nothing.
This stubbornness not only endangers public health. This means more job losses, closed businesses and crumbling livelihoods.
The economic damage caused by Covid is not limited to the impact of lockdowns and localized restrictions.
When the virus spreads, people change their behavior to avoid it, and shops, pubs, restaurants and transportation fall victim to it.
And if steps are not taken to quickly reduce the R-number, the economy will suffer from what is known as prolonged voluntary social distancing.
The International Monetary Fund says this caused 60% of the damage to the world’s advanced economies in the first 90 days of the pandemic.
Still, Chancellor Rishi Sunak led ministers to block the two-week breaker that SAGE scientists recommended and that Labor supports.
Ms Dodds says the government should use this time to sort tests, trace and isolate in order to protect public health and the long-term future of the economy.
She added: This government has been too slow in foreclosure once before. The British people cannot afford to be too slow again.
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