the office. they will be disruption there. you are missing out on the important social contact, the conversations around the water cooler, whatever. there are some productivity losses there as well. in addition, you are probably not spending as much money in the wider economy. city centre office supplies will be missing out. in addition, there is everything else. thing is that the vaccine passports which are being introduced. all of those measures cumulatively, it could have a big impact. one way to look at this is to look at what has happened in the past. in the semi lockdown last winter, gdp fell close to a%. we might have a small impact this time around, perhaps 2%, but that is still four £5 million per month.
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