- December 19, 2021
- Posted by: Stratford Team
- Category: Business
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, inflation is at its highest for a decade, in an unfolding cost of living crisis that will get worse before it gets better.
Both require action. Yet so far the government has been behind the curve, with the cabinet…
