Norris believes the UK Government initially sought to follow Sweden's lead, but Prime Minister Boris Johnson "bottled it" for fear of facing tough allegations from mainstream media.
"Boris was told, if he didn't lock down, journalists will ask him on national television to accept responsibility and apologise to the families of those who have died as a result of Covid-19, because the rhetoric would have been that is was his fault for not locking down," the manager continued.
"Now, they cannot admit that they have made a mistake because it is about saving face. The entire world has been hoodwinked by the initial diagnosis of what Covid-19 was and its severity, and that is why I think it is a fraud.
"I have thought long and hard about whether to use the word 'fraud', but in our lifetime, it has been the most significant negative event for the global economy since WWI, and the biggest policy error since 1914 when the Austrian Archduke was assassinated in Sarajevo."
Despite believing lockdown was an unnecessary measure, Norris believes its impact will be felt across economies over the long term, and in some instances, permanently.