UK economy will be different in 5 ways post pandemic: Oxford Economics - Business Insider

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The coronavirus pandemic will fundamentally shift how the UK economy works forever. Here are 5 ways it will change.

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.The coronavirus pandemic may spell five permanent changes for the UK economy, according to a new study published by Oxford Economics.

According to a study published Wednesday by Oxford Economics, the UK economy will be fundamentally different in five ways after the Covid-19 crisis. The government may exercise a desire to stabilize the ratio of debt-to-GDP, which could then lead to higher "populist" taxes on wealth or global tech companies to make up for higher borrowing. The massive economic downturn seen in the spring of 2020 is extremely intense, but also likely relatively shortlived.

 

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