Pupils May Earn £40,000 Less Over Lifetime Due to School Closures, UK Think Tank

Pupils take part in a music lesson whilst social distancing at Willowpark Primary Academy in Oldham, England, on June 18, 2020. Oli Scarff/AFP via Getty Images

Pupils who lost half a year of schooling due to the CCP virus pandemic may lose an average of £40,000 ($54,694) in income over their lifetime, a UK think tank said.

In an article published on Monday by the Institute for Fiscal Studies (IFS), research fellow at the IFS Luke Sibieta said that children in the UK will have lost around half of a normal school year by February half-term.