“Systemic Economic Crisis”

The COVID Diaries – 221 25th November

A confidential briefing for the Cabinet Office warns of the possibility of a “systemic economic crisis” at the end of the Brexit transition period.

The briefing reportedly warns officials of the increased likelihood of major difficulties in the early months of 2021 – regardless of whether a UK-EU trade deal is struck between the UK and the European Union.  

Of particular concern is the health and are sector: 

“The pandemic has and will continue to limit the capacity of the health and care sector to prepare for and respond to the end of the transition period,” the document stated.