“Young people and women are more likely working in industries that have been shut down to combat the spread of coronavirus
The coronavirus lockdown is costing the economy £2.4 billion every day, a new survey by the Centre for Economics and Business Research has revealed.
The study found that the UK’s economic output has fallen by 31.3 per cent since the Government introduced draconian social-distancing measures last month.
The manufacturing sector is seeing the highest fall in output in absolute terms, as many workers producing goods cannot work and demand for non-essential goods is slashed as a result of the worldwide pandemic.
This is estimated to be costing the economy over £500 million per day, with production in the sector down 69 per cent.”