A year of Covid lockdowns has cost the UK economy £251bn, study says

Some of the poorest areas will suffer disproportionate burden for longer if government does not act, warns CEBR

A year of Covid-19 lockdowns has cost the UK economy 251bn - the equivalent of the entire annual output of the south-east of England or nearly twice that of Scotland, according to a report published on Monday.

Analysis by the Centre for Economics and Business Research found that while the whole of the country had suffered huge damage from restrictions on activity since the first national lockdown began, some poorer regions had suffered the most.