Inflation warnings presume the Covid crisis is over … sadly it isn’t
by Richard Partington from on (#5K0MR)
Pent-up demand is temporary and the prospect of a third wave, with all its economic havoc, is very real
Britain is on the verge of a historic moment. More than a year since the Covid-19 pandemic began, the endpoint for all social restrictions is within touching distance as spring slips into summer. An announcement is expected from Boris Johnson on Monday.
Delay rather than a reopening on 21 June is the most likely decision, as the spread of the Delta variant fuels a third wave in coronavirus infections in the UK. Far from the freedom day" we had hoped for, we are at yet another moment where the prime minister has built up hopes and then disappointed.
Related: GDP rises and suddenly everyone's afraid of the big, bad inflation beast
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