Pingdemic ‘**** show’ stalls UK recovery

Britain’s economic recovery lost momentum two months ago when the final lockdown restrictions were lifted.

Despite “Freedom Day” in England on July 19, when capacity limits were scrapped and nightclubs reopened, GDP rose by just 0.1 per cent.

Growth slowed by 90 per cent compared to June.

While arts, entertainment and recreation activities spurred the modest increase, it was hamstrung by staff shortages during the “pingdemic”.

READ MORE: ‘Pingdemic’ could close supermarkets, warn bosses

Businesses were plunged into chaos in early summer as the number of workers told to self-isolate by the NHS Covid app soared.

Iceland boss Richard Walker had warned that ending lockdown rules before mandatory self-isolation would be a “**** show for business”.

He later claimed in July that four per cent of his 30,000-strong workforce had been quarantined.

Marks & Spencer chief Steve Rowe also said the “exponential” growth in Covid cases meant the supermarket would be forced to close shops.

In some areas of the country, retail absence rates hit 30 per cent.

Without a boost from reopened sports clubs, amusement parks and festivals, Britain would likely have faced a drop in GDP for the first time since January.

It came as Bank of England governor Andrew Bailey said the UK’s recovery from the Covid-19 pandemic was “levelling off”.

Click here to sign up to Grocery Gazette’s free daily email newsletter



Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.



Sign up to our daily newsletter to get all the latest grocery news and insights direct to your inbox.

  • This field is for validation purposes and should be left unchanged.