The UK undergoes the third lockdown

January 22, 2021

Maybe third time’s the charm for UK to contain the virus

Earlier today, the British Prime Minister Boris Johnson announced the third lockdown meant to curb the latest COVID-19 strain. The latest curtailments include the shutdown of schools, shops, restaurants, and $1,097 fines if people are caught attending house parties. Citizens are also advised to stay home even during the upcoming summer holidays, as the latest COVID-19 strain is “much more contagious.”

Boris Johnson didn’t mention any specific date for when things could get back to normal, leaving behind the previous assurances that the UK will get out of it in April. Instead, the latest restrictions could last at least until the summer.

Today, many of the UK100 components were trading lower amid the lockdown news. Among those stocks, we can name TUI (-8.53%), Occidental (-6.40%), and Saga plc (-5.20%).

Sources: Bloomberg.com, hl.co.uk

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