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Omicron causing sharp slowdown in Britain’s economy, figures show
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Britain’s economy has suffered a sharp slowdown since the arrival of the Omicron Covid variant and activity is at its weakest since February when a full lockdown was in force, a report has shown.
The monthly flash estimate of economic activity compiled by IHS Markit and the Chartered Institute of Procurement & Supply (CIPS) reported a marked impact on the service sector from a tightening of government restrictions and a more cautious approach by consumers.
The findings of the closely watched
Read more on theguardian.comAbout this in other media
UK train services hit ahead of Christmas as Covid causes staff shortages theguardian.com /2 years ago
Omicron dashes high streets’ hopes of bumper weekend before Christmas theguardian.com /2 years ago
UK’s fading business confidence amid Omicron spread needs urgent action theguardian.com /2 years ago
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