UK's tighter Covid-19 restrictions may keep economy depressed

London

THE Bank of England (BOE) is expected to boost the supply of money further to supplement UK Chancellor Rishi Sunak's new measures to help businesses and workers ride through the novel coronavirus pandemic.

But many economists believe that the government's tighter Covid-19 restrictions will keep the economy depressed, with unemployment likely to continue to rise.

Illustrating market fears, the pound has fallen by 5.3 per cent from its early-September highs. It rallied slightly last Friday but is still close to two-month lows.

The UK stock market had ral…

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