Thursday 7 January 2021 / 10:30 PM Anneliese Dodds / Coronavirus / Economy

Roll out vaccine “swiftly and safely” to save economy £5 billion a week, says Labour

New figures from the Labour Party show the economic damage done during the coronavirus pandemic – with the economy losing more than £5 billion a week throughout the crisis.

It comes as Labour  – alongside the TUC and the Daily Mirror – launches the #LetsVaccinateBritain campaign to sign up tens of thousands of people to NHS vaccination efforts.

The shocking stats reveal that the pandemic has:

  • cost the NHS £1 billion a week
  • cost the UK economy £5.3 billion a week
  • Seen 23,000 jobs lost a week

Labour’s Shadow Chancellor Anneliese Dodds MP says the figures show that that every person who volunteers or helps the national effort “no matter how big or small” is helping to “secure the economy, protect the NHS and rebuild our country.”

Anneliese Dodds MP, Labour’s Shadow Chancellor said:

“Our country already faces the worst death toll in Europe and the worst recession of any major economy. These shocking figures show how every week that goes by, the damage is getting deeper and deeper.

“Thanks to our brilliant scientists we now have a light at the end of the tunnel. The vaccine must be rolled out swiftly and safely: delays will cost the economy billions of pounds.

“That’s why Labour Party and trade unions are doing everything we can to support this national effort: to secure the economy, protect the NHS and then rebuild our country.”