A very concerning report from the UK considering some of the longer term impacts of the lost time at school will have on children’s lifetime earning potential. Pupils in the UK could stand to lose an average of £40,000 each in lifetime earnings from lost time in school because of Covid, a report suggests.
Any effects are likely to be concentrated among children from disadvantaged backgrounds, the Institute for Fiscal Studies said. By mid-February, children will have lost half an academic year - as much as 5% of their school career - in learning time.
The IFS says the reduction in face-to-face teaching could potentially result in a total of £350bn in lost lifetime earnings for the UK's 8.7m schoolchildren, adding this would hit future tax revenues.
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