T
he government’s decision to put much of the country into more restrictive Covid tiers after the end of lockdown on 2 December has led to demands for ministers to release a formal economic impact assessment of the policy.
And the Covid Recovery Group – a group of backbench Tory MPs opposed to stringent lockdown restrictions – had called for a full cost-benefit analysis of the three-tier system.
A cost-benefit analysis (CBA) traditionally weighs up the costs of a particular policy action with its benefits.
