Breaking News
Close
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

Johnson plots reopening of UK economy within months

Stock MarketsFeb 17, 2021 12:45
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: British PM Johnson holds coronavirus briefing at Downing Street, London

By Guy Faulconbridge and Sarah Young

LONDON (Reuters) - Prime Minister Boris Johnson is plotting a staged exit from lockdown that would see the United Kingdom's battered economy returning to work over the next five months after leaping ahead of most of the world on vaccinating its people.

The novel coronavirus, which emerged in China in late 2019, has killed 2.4 million people worldwide, upended normal life for billions and tipped the United Kingdom into its worst slump in 300 years.

After moving faster than all other Western peers bar Israel to vaccinate its population, the United Kingdom's $3 trillion economy is aiming to be among the first major Western economies to return to some semblance of normality - though still far behind the furnaces of global growth in China.

Johnson, who will set the path out of lockdown on Feb. 22, said the staged exit plan would be cautious but irreversible, although schools are likely to return on March 8, along with a mass testing programme to monitor the outbreak.

The Daily Mail newspaper reported that while office workers will be told to continue working from home for some time, parts of the economy such as holiday lets and larger hotels will reopen in April.

Outdoor leisure such as theme parks and zoos as well as golf, open-air gyms and tennis could also resume in April, though pubs, bars and restaurants would have to wait until May and a full pub reopening in early June.

"It'll be based firmly on a cautious and prudent approach to coming out of lockdown in such a way as to be irreversible," Johnson told reporters.

The Mail said leisure businesses may not return to 'broadly normal' until July, while office staff are expected to be told to keep working from home for the foreseeable future.

VACCINE WIN

After suffering the world's fifth-worst official COVID-19 death toll and a series of mishaps in its pandemic response, Johnson's government moved faster than much of the West to secure vaccine supplies, giving it a head start.

Currently, the United Kingdom has given 15.58 million people, or around 23% of its 67 million population, a first dose of vaccine, behind only Israel and the United Arab Emirates in vaccines per head of population.

Johnson, who has cautioned people to treat newspaper reports on his plans with caution as a final decision is yet to be made, says he wants to see more data on how the vaccine rollout is affecting severe illness and death.

So far, there is some data from Israel on that, but not enough from the United Kingdom to be absolutely sure of the impact, Chris Whitty, the government's chief medical adviser, said on Monday.

The easing of the most stringent peacetime curbs on personal freedoms in modern English history will be accompanied by a mass testing programme.

Johnson plots reopening of UK economy within months
 

Related Articles

Airline easyJet cancels more than 200 flights
Airline easyJet cancels more than 200 flights By Reuters - May 28, 2022 2

LONDON (Reuters) - Low-cost carrier easyJet (LON:EZJ) is to cancel more than 200 flights over the next 10 days due to airport delays and other restrictions, disrupting travel...

German engineering body scraps 2022 outlook - report
German engineering body scraps 2022 outlook - report By Reuters - May 28, 2022

BERLIN (Reuters) - Germany's main engineering industry association has scrapped its 2022 production forecast, saying even a reduced estimate it made in March would no longer be...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (2)
Howard Moore
Howard Moore Feb 17, 2021 22:01
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Boo.hoo. we've lost can never accept it. Every story criticise. How can you ever be happy, when always everything is wrong with everything
Herman Peters
Herman Peters Feb 17, 2021 19:16
Saved. See Saved Items.
This comment has already been saved in your Saved Items
a little overdone. The dip is much bigger than in the EU.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Our Apps
DOWNLOAD APPApp store
Investing.com
© 2007-2022 Fusion Media Limited. All Rights Reserved.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
  • Sign up for FREE and get:
  • Real-Time Alerts
  • Advanced Portfolio Features
  • Personalized Charts
  • Fully-Synced App
Continue with Google
or
Sign up with Email