How much did the Covid-19 lockdown really cost the UK? | Larry Elliott

Economists have conducted a cost-benefit analysis of the blanket shutdown. It makes for grim reading

Cancer treatments cancelled. Children deprived of schooling. More cases of domestic abuse. Continued restrictions on personal freedom. Over and above the direct damage caused to the economy, the collateral damage from the Covid-19 pandemic has been colossal.

And the crisis is not over by any means. Travel restrictions come and go with mind-boggling frequency. Local quarantining has replaced national lockdowns. Every leading policymaker in the UK, from the chancellor, Rishi Sunak, downwards, knows that the job losses to come threaten to leave permanent scars.