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UK’s fading business confidence amid Omicron spread needs urgent action
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It’s shaping up to be all too familiar. A worsening outlook in the pandemic, a government slow to react, and confidence fading fast among businesses and households.
In many ways Christmas couldn’t come soon enough for Boris Johnson’s government, amid a storm of bad news as the prime minister’s Teflon ability to survive political scandal appears to be deserting him at last. But rather than acting as a distraction, the festive period merely highlights the serious problems facing the British economy that could make matters worse.
The Omicron variant of Covid-19 has been hitting businesses hard, with the hospitality sector suffering from a wave of cancellations and lost trade during what ought to be the busiest time of the year. Meanwhile
Read more on theguardian.comAbout this in other media
Britons shy away from Boxing Day sales amid concern over Omicron variant theguardian.com /2 years ago
Christmas Eve trade slumps in British high streets over Omicron risk theguardian.com /2 years ago
‘Santa rally’ sees FTSE 100 hit 22-month high on Omicron optimism theguardian.com /2 years ago
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