UK economy to suffer £700bn output loss due to Covid and Brexit, thinktank warns

NIESR says UK facing worse permanent damage than other rich nations due to poor Covid response'

Britain's economy is on track to suffer more than 700bn of lost output caused by Covid-19, made worse by the government's mishandling of the health emergency and Brexit, one of the UK's leading economics thinktanks has warned.

The National Institute of Economic and Social Research (NIESR) said the UK was facing worse permanent damage than other rich nations due to a poor Covid-19 response" from Boris Johnson's government.