Experts warned that the coronavirus pandemic is costing the UK economy more than £2.4billion every single day. Experts warned that the coronavirus pandemic is costing the UK economy more than £2.4billion every single day. The study will reignite the row over whether the tough lockdown rules are worth the economic hit that the government is taking. Writing in the FT on Sunday, Bailey said monetary financing during the coronavirus pandemic would result in an 'unsustainable' central bank balance sheet. The economic measures were similar to that of the US Federal Reserve and the European Central Bank, as central banks tried to prevent huge recession.

Source: Daily Mail April 05, 2020 23:01 UTC