Economy
|
4 February, 2021 11:17 am

UK economy to be unlocked ‘gradually’

Share
Advertisements

Zahawi suggested that the UK economy will get moving as soon as possible, especially when it will be possible to lift restrictions.

Vaccines minister Zahawi said the country’s economy will be unlocked ‘gradually’ as soon as school reopen in England, hopefully start of March.

UK economy to be ‘unlocked gradually’

Nashim Zahawi discussed the possibility of getting out of lockdown and starting unlocking the economy slowly when schools return to normal, most likely at the beginning of March.

The UK government will probably reopen schools the 8 of March in order to continue with vaccinations in the meantime.

Advertisements

Zahawi suggested that the UK economy will get moving as soon as possible, especially when it will be possible to lift restrictions. “Mid-February, if you add another three weeks to that when the vaccine protection really does begin to kick in, you’re at the first week of March,” – he said – “ So that’s when we will begin to first of all open schools and then begin a gradual reopening of the economy, if we continue to see good data.”

According to the government, lockdown and other restrictions will begin being lifted as soon as figures of hospitalizations and deaths come down, which at the moment remain far too high and it is still very difficult to see those numbers lowering.

Advertisements

Further 1,322 people have died within 28 days of testing positive in the UK and more than 19,200 people have tested positive to the virus. This comes, as over 10 million people have received their first dose of vaccine. The vaccines minister has said vaccine manufacturers are planning to make their jabs more effective against dangerous variants of coronavirus which are currently about 4,000 worldwide.

READ MORE:

Más leídos

Enerbrain, a smart building company, has received 5.2 million in investment for its international development in 2021-2023.

Bitcoin shot up by 5 per cent, dragging upward the entire cryptocurrency market, after the El Salvador decided to recognise it as legal tender.

Food prices in the UK have finally experienced a long-awaited decline, according to the British Retail Consortium (BRC).

The new digital coins offer many advantages to the global market and especially the gambling and gaming sector.

Bitcoin experienced a brief surge in value after a post on the US Securities and Exchange Commission's (SEC) Twitter account announced the approval of new exchange-traded funds (ETFs) for the cryptocurrency.

Families doing the weekly food shop are being tricked into spending more of their hard-earned cash by sneaky supermarket tactics.

Here are some basic tips that, with the needed changes in your financial habits, can make you sort out your debts and manage them properly

Sergey Kondratenko analyzes statistics of open banking.

Discover the life and career of the young Ukrainian entrepreneur and owner of a crypto exchange.

With the lowest corporate tax rate in the European Union, Hungary is the ideal destination for businesses looking to expand their reach and success.

';