"The UK is again in the midst of another potential Coronavirus crisis. The Prime Minister and Health Minister have both commented that the country faces a tidal wave of infections, while speculation grows that another lockdown may become necessary.

There has been criticism of the decision that was made in the Autumn to relax the restrictions of wearing masks on public transport and in shops.

This is eminently politically driven, since while it was likely that there would be another variant of the virus, at the time the decision was made, the delta variant was under control and those members of the public who had received two doses of the vaccine were well protected.

The country had its first death from the Omicron Variant yesterday, while Sajid Javid announced that the new variant accounts for 40% of new cases in the capital.

The outlook for the economy is again clouded by the prospect of further restrictions. While it remains unlikely for now, that there will be a huge spike in deaths, or even hospitalizations, those infected will have to be isolated and that is sure to have an effect on the economy.

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