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More from Saunders on Omicron

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The Nov MPR "forecast assumed that there will be no further new Covid-related severe restrictions or lockdowns in the UK, although the pandemic is assumed to continue to weigh more substantially on economic activity in some other countries with lower vaccination rates. I viewed those as reasonable assumptions at the time, and still do at the moment. But inevitably they are uncertain, especially in light of the new Omicron Covid variant."

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