Whose wealth?

Assessing the full impact of the pandemic on household wealth

Monday 12 July 2021

While the Covid-19 pandemic has been about curbing and contraction – from normal activities to employment – many aspects of household wealth have grown very swiftly. Families unable to spend have amassed extra savings and homeowners have seen the value of their properties soar. But these wealth surges have been far from even, with some … Continued

The final furlough?

Family finances in the Covid recovery

Thursday 1 July 2021

The UK economy is bouncing back after the deepest downturn in over three centuries. That bounce is being felt in the labour market too, with furlough rates falling and some firms even reporting challenges hiring. However, almost three million people are still not working, while unemployment may rise later in the year. While the UK’s … Continued

Boomers and boomerangs

The past and pandemic present of multi-generational living

Monday 21 June 2021

The Covid-19 pandemic has had huge impacts on young people. Many have been furloughed, while others have lost their job or been unable to find one in the first place. And everyone has heard stories about how coping with these difficulties has seen many young people return to live with their parents. So-called ‘boomerangs’, opting … Continued

Returning to centre stage

Fiscal policy in the recovery

Tuesday 1 June 2021

Fiscal policy has returned centre stage during the Covid-19 pandemic. But as countries begin to recovery from the crisis, they are taking different approaches to the scale of fiscal expansion and the timing of fiscal retrenchment. What is the right approach to fiscal policy in the recovery, and what are the challenges in terms of … Continued

Building back better

Structural change in post-pandemic economies

Thursday 27 May 2021

From the emptying of city centres and closure of entire industries, to the rapid growth in remote offices and new methods of work, the Covid-19 pandemic has fast-forwarded change in our economies. How much of this change is permanent, and what does it mean for how and where we live and work? How can policy … Continued

Powering ahead

Raising our productivity game post-pandemic

Wednesday 26 May 2021

The period between the Global Financial Crisis and the Covid-19 pandemic has been marked by chronically weak productivity across many advanced economies. In the UK that has seen weak pay growth and stagnant living standards. The Covid recovery offers an opportunity to reset this dismal productivity record, but how should policy makers do this? In … Continued

The Covid Recovery

Overcoming the Economic Challenges

Monday 24 May 2021

The Covid-19 pandemic is far from over. But the roll-out of vaccines across the world holds out the promise that the Covid recovery, while not assured, is in sight. Due to the nature and scale of the crisis – which has upended everything from household working trends to government deficits – this means the Covid … Continued

A hidden Covid crisis?

Assessing the pandemic’s impact on young workers and their mental health

Thursday 13 May 2021

Many young people have had to put their lives and livelihoods on hold over the past year. They have experienced the biggest employment hit, and a big deterioration in their mental health. But the link between these two issues of job insecurity and poor mental health is rarely discussed. As the country reopens, understanding the … Continued

Covid secure?

Older workers during the pandemic

Monday 26 April 2021

The age spread of labour market damage from the Covid-induced economic crisis is distinctly U shaped. The youngest workers have been worst affected, accounting for two-thirds of the fall in payrolled employment. But older workers have also been hard hit and the challenges they face from job losses are significant – from longer periods of … Continued

Covid Comparisons

How household finances have been hit across the UK, France and Germany

Wednesday 21 April 2021

The Covid-19 pandemic has been a truly global crisis but, while every country has been affected, not all have been affected equally. Individual countries have taken different approaches to tackling the virus, and protecting workers and families from its economic impacts. Crucially households entered this crisis with very different levels of financial resilience in different … Continued

The 12-month stretch

How has Britain coped with a year of Covid-19?

Thursday 18 March 2021

On 23rd March 2020, Prime Minister Boris Johnson ordered the country to ‘stay at home, protect the NHS and save lives’ to tackle the Covid-19 pandemic. Twelve months on and several lockdowns later, the crisis has triggered the biggest economic slump in three centuries, an unprecedented £340 billion of emergency support and, tragically, the loss … Continued

The economic outlook

Speech by the Governor of the Bank of England Andrew Bailey

Monday 8 March 2021

The Covid-19 pandemic has sparked a truly global economic crisis, affecting families, firms and institutions throughout the world. The UK has been hard hit – experiencing the biggest economic contraction in over three centuries – but the fast pace of its vaccine roll-out means that the economy is expected to recover rapidly this year. The … Continued

On the recovery road

Assessing the Budget and economic outlook

Thursday 4 March 2021

Chancellor Sunak’s first year in office has been marked by a huge economic crisis, and unprecedented policy interventions to support workers and firms through the pandemic. With vaccines being swiftly rolled out, the year ahead should see the economy return to growth. But with rising unemployment and firms reluctant to invest, the road to recovery … Continued

Recovering from long Covid

Understanding the pandemic’s labour market legacy

Thursday 18 February 2021

The Job Retention Scheme has provided vital support for millions of workers, and kept a lid on job losses. But with the country in a renewed lockdown, the combination of rising unemployment and long lasting furlough means an unprecedented number of people who have done little to no work in nearly a year. Previous recessions … Continued

Resolving rents

Tackling Britain’s rent arrears crisis

Tuesday 16 February 2021

Britain’s private renters have been one of the groups hit hardest by job losses and furloughing during the coronavirus crisis. A temporary eviction ban has prevented that feeding through into people losing their homes mid-pandemic, but has seen rent arrears mount. This spells trouble for both tenants and landlords in the months ahead. As the … Continued

Building back business

With revenues down and debt up are firms ready to power the recovery?

Wednesday 10 February 2021

The Covid-19 pandemic continues to take its toll on Britain, but the roll-out of vaccines offers hope. The economy is expected to recover this year – but the strength of that recovery will depend on how our firms, and jobs and housing markets, respond in the months ahead. Decisions made at the upcoming Budget will … Continued

A standard recovery?

The outlook for living standards, poverty and inequality

Monday 18 January 2021

2020 was tough for household living standards, even with unprecedented support to increase benefits and pay wages through the Job Retention Scheme. While the start of 2021 looks grim, a swift vaccine roll-out holds out the promise of an economic recovery to come. But this unprecedented crisis may be followed by an abnormal recovery for … Continued

Coronanomics: Challenges from the distributional impact of the crisis

Friday 11 December 2020

While the health implications of the COVID-19 crisis have fallen overwhelmingly on older generations, the economic fallout has fallen heavily on the young and those on lower incomes. Given the highly uneven impact of the crisis, policymakers face huge challenges in preventing the crisis from creating new inequalities and exacerbating existing ones. In this webinar, … Continued

Coronanomics: Challenges facing policy and governance

Tuesday 8 December 2020

Coping with the COVID-19 pandemic has been the toughest test for many governments in generations. From suppressing the virus and ensuring healthcare systems can cope, to dealing with the fallout in terms of support for businesses and households, governments are facing huge policy battles, and on multiple fronts. This has placed great pressure on our … Continued

Coronanomics

The economic challenges of COVID-19

Monday 30 November 2020

The COVID-19 pandemic has upended economies across the world. The daunting scale, pace and uncertainty of the crisis has presented huge challenges for economics, and for economic policymakers attempting to steer countries through it while limiting the damage to citizens’ lives and livelihoods. And even if a vaccine is found soon, the legacy of the … Continued

Cash for Covid

Assessing the Spending Review and economic outlook

Thursday 26 November 2020

With economic uncertainty running high, the Chancellor has cancelled his Budget and scaled down his upcoming Spending Review. But he still faces big decisions about how much of this year’s exceptional spending will continue into next year to support the economy and tackle the virus. Add in fresh forecasts from the Office for Budget Responsibility … Continued

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