Johnson announces new lockdown in UK

By: Miguel A. Rodriguez

18:03, 25 January 2021

The latest lockdown could push the economy into a steeper recession

The pandemic continues to be one major issue in the UK, especially after a new strain of COVID-19 was discovered there. After what proved to be two unsuccessful lockdowns, Prime Minister Boris Johnson and Home Secretary Priti Patel announced a third pandemic-related lockdown. Despite his early optimism about the country going back to normal in April, Johnson now says it’s not the case, even though the vaccination program expanded to reach 15 million people by mid-February.

No exact date has been mentioned for when the latest lockdown will be over, but UK’s PM did not rule out the summer, given that the latest COVID-19 strain is “much more contagious.” 

Lockdown’s effects are already starting to show, experts pointing to a possible recession after the economy suffered the most significant contraction in three decades – more than 2% - as shops, restaurants, schools, and clubs are closed.

Following the news, UK100 was down over 0.30%. TUI was the biggest decliner with more than 10% followed by Occidental  -6.40%, and Saga  -5.20%

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This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided.