- Analytics
- News and Tools
- Market News
- UK government seeks to mitigate workforce disruption from Omicron
UK government seeks to mitigate workforce disruption from Omicron
“The British government has asked public sector managers to test their contingency plans against a worst-case scenario of 25% staff absence as part of efforts to minimize disruption from the rapid spread of the Omicron variant of COVID-19,” per the weekend news from Reuters.
The news cites government fears to witness disruption in business and public services due to the record high daily infections.
Key quotes
So far, disruption caused by Omicron has been controlled in most parts of the public sector, but public sector leaders have been asked to test plans against worst-case scenarios of workforce absence of 10%, 20% and 25%.
Prime Minister Boris Johnson has asked ministers to work closely with their respective sectors to develop robust contingency plans.
There is work ongoing to identify potential regulatory, policy or operational changes which could minimize or alleviate potential disruption.
The daily number of new COVID-19 infections across the United Kingdom rose to a record 189,846 on Friday, far higher than during previous peaks.
However, hospitalizations and deaths have remained at much lower levels than in previous waves.
FX implications
The news should weigh on the GBP/USD prices considering the coronavirus fears. However, holidays in the UK and most Asia-Pacific markets limit the reaction to the news. That said, the cable pair trades near 1.3530 by the press time.
Read: GBP/USD Price Analysis: Bulls looking for a fresh corrective high into the 1.36s
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
