Coronavirus: Economic impact

The coronavirus outbreak has impacted the UK economy in a number of different ways. The magnitude of the recession caused by the virus is unprecedented in modern times. While a recovery is underway, there is uncertainty over how fast economic activity will regain lost ground. This briefing examines the economic impact of the crisis to date and outlines the key issues for the outlook. It summarises policy measures introduced to mitigate the economic effects of Covid-19 and details the impact on the public finances.…

Read more

The Chancellor’s summer economic update: Background briefing

The Chancellor will make a statement to the House on Wednesday 8 July. He will outline plans to support the economy. The Chancellor’s statement is being labelled as a ‘summer economic update’.…

Read more

Coronavirus: Economic data March-May 2020 [ARCHIVED]

The coronavirus outbreak is causing significant disruption to the economy. Official economic data reflecting the initial impact was released in late April and May, but they won’t reflect the full impact of the virus and lockdown on the economy until late May and June.

Until then, a range of other sources, such as business surveys and anecdotal information, can also be used to capture the impact of coronavirus on the economy. This briefing collates the economic data that is available into a single page. …

Read more

Coronavirus: Support for economies by European and other states

What economic support have governments given to businesses and individuals to tackle the impact of the coronavirus? This paper looks at the policies put in place by the EU, governments in Europe, the US and other developed countries.…

Read more