Can the UK economy ride out the Omicron wave?
Apples and oranges: Can the UK economy ride out the Omicron wave?
As Omicron strikes and restrictions are reintroduced, the economy is in a better position to take the hit, suggests Professor Andrew Godley in our latest Leading Insight.
The Omicron wave is generating some worrying numbers, with the R figure for the new Covid variant reported to be as high as 2.5. The UK Government has yielded to the strong consensus among its scientific advisors to restrict social contacts in the run up to Christmas, especially with the return to home working where possible in Plan B.