This Is Money Show

How bad will Lockdown 2 be for the economy?

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Sinopsis

When lockdown arrived in March it sunk the UK economy.  The message was clear: Stay home.  And people did just that; there was a dramatic shift to either working from home or shutting down businesses entirely.  For a couple of weeks pretty much the only place you could go was the supermarket, followed a little while later by the opportunity to head to B&Q to queue for an hour and try to do a click and collect. Now a second lockdown has arrived for England and the message is once again stay home, but things are very different this time: considerably more remains open.  As England’s lockdown arrived, Wales and Northern Ireland were already in some form of lockdown and Scotland is running its own tight tiers system. Yet, while rules vary across the nations, more businesses remain open, Britain has got used to working from home, and industries that can’t do that are permitted to keep going. So, what happens now to the economy? How bad will the hit be? And is it just the hospitality sector