Skip to main content

Market Overview

Parts Of UK Go Into Deeper Lockdown As Health Secretary Warns New COVID-19 Strain Is 'Out Of Control'

Share:
Parts Of UK Go Into Deeper Lockdown As Health Secretary Warns New COVID-19 Strain Is 'Out Of Control'

The U.K. is putting in place "Tier 4" restrictions almost as tight as the full lockdown measures of the initial COVID-19 wave.

What Happened: Authorities in the U.K. are sounding the alarm over a new variant of the COVID-19 virus that is 70% more transmissible.

This raises worries that a dramatic spike cases — in a country already seeing record numbers — will overwhelm hospitals. The restrictions cover in London and southeast England.

The measures were an about-face after Prime Minister Boris Johnson earlier promised that lockdowns should not impede Christmas activities.

U.K. Health Secretary Matt Hancock told Sky News that the new strain is "out of control."
European countries are starting to block travel from Britain, Reuters reported.

Why It's Important: A new dimension to the pandemic could throw cold water on the optimism that has come after vaccinations began this month, even as the numbers of cases and death increased in some countries, especially the U.S.

Britain was the first country to begin giving people the vaccine developed by Pfizer Inc. (NYSE: PFE) and its German partner BioNTech SE – ADR (NASDAQ: BNTX), with innoculations beginning on Dec. 8. The country's death toll has risen past 67,000.

 

 

Related Articles (PFE + BNTX)

View Comments and Join the Discussion!

Posted-In: Boris Johnson Covid-19 Europe U.K.Biotech News General Best of Benzinga

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com