"The UK economy is about to take another massive hit as England will enter a period of lockdown for one month starting on November 5th. The measures were announced on Saturday by Prime Minister Boris Johnson as estimates were released that showed that the country could face up to 4k deaths a day without action.

The lockdown will hit the hospitality and tourism sectors hard and predictions are being made that up to 30% of pubs and restaurants may not reopen. Johnson announced that the original furlough scheme, which ended on Saturday would remain in place for the entire period of the lockdown.

The scheme has cost an estimated £40 billion already and this will add to Chancellor Sunak’s sleepless nights as he prepares his spending plans that will be released in three weeks’ time.

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