The latest GDP growth figures suggest the British economy will be living with the long-term effects of the pandemic for years
7 group of large and rich countries, Britain’s economy was still smaller at the end of 2022 than it was before the first lockdown—0.8% smaller, to be precise, than in the final quarter of 2019. That compares with growth of 1.2% in France and 5.1% in America over the same period.numbers between the final quarters of 2019 and 2022. The data show that the damage has been very unevenly distributed .
Employees in white-collar industries have been the great beneficiaries of the shift to working from home. According to data from the Office for National Statistics , around 30% of professionals and 49% of administrative and secretarial workers were working only from the office between September 2022 and January 2023. That compares with 81% of sales and customer-service representatives, and 86% of workers in caring and leisure jobs.
Many of the culprits for Britain’s dismal growth over the past three years have a distinctly pandemic-era flavour. Retail, which accounts for around a tenth of, is the biggest loser. But its laggard status actually owes more to the cost-of-living crisis than to covid-19. During the pandemic the retail sector was helped by online sales and by British households spending their pandemic-era savings on goods rather than in shuttered restaurants and bars.
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