Omicron causing sharp slowdown in Britain’s economy, figures show
by Larry Elliott Economics editor from on (#5T3QA)
Flash estimate of activity since Covid variant's arrival reveals a marked impact on service sector
Britain's already flagging recovery has been dealt a fresh blow by the arrival of the Omicron Covid variant and is in its weakest state since the country was in full lockdown last winter, a report has shown.
Adding to pressure on the government to come to the aid of sectors especially hard hit by the pandemic, the monthly flash estimate of activity highlighted the economic damage caused by the new variant in December.
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