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Coronavirus


The coronavirus pandemic is having a profound impact on the UK economy, as well as other economies around the world. Here we consider the scale and nature of the economic shock, and what practical support is neededkey takeaways to help limit the living standards hit to households.


Featured

Key take-aways from the Chancellor’s package of measures to support workers in the coronavirus crisis

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The Chancellor’s announcements on Friday 20 March were unprecedented in their scale and reach, and absolutely vital for supporting firms and family incomes in the face of the current crisis. Here are five key take-aways on how these changes will affect families, and three next steps for the Government to consider.   1. At a stroke, the Chancellor has reversed 30 years of retrenchment to unemployment benefits, boosting out of work incomes by over £1,000 per year Having recently fallen to their lowest real-terms value since the early 1990s, the main adult rate of unemployment benefits is now at its...

Contacts

Torsten Bell

Chief Executive
T: 0203 372 2960
E: torsten.bell@resolutionfoundation.org

Mike Brewer

Deputy Chief Executive and Chief Economist
T: 0203 372 2907
E: mike.brewer@resolutionfoundation.org
Publications

Crystal balls vs rear-view mirrors

The UK labour market after coronavirus

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Summary Sudden and significant hits to the UK labour market in recent weeks have shown that this will be a jobs recession. The focus has rightly been on how to…
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Comment

In this coronavirus crisis, do families have enough savings to make ends meet?

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In Britain two crises are unfolding in parallel, while policy makers strive to keep count. On the first – the public health crisis – they are all too aware how…
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Publications

The economic effects of coronavirus in the UK

Utilising timely economic indicators

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Summary This is the second edition of our roundup of timely indicators of the impact of coronavirus which aims to plug the gap left by traditional measures of economic activity…
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Publications

No work, no pay

Supporting unemployed people through coronavirus

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This recession is a labour market recession, with the public health response to coronavirus swiftly shutting down employment-heavy sectors of the economy. Although the Government has rightly committed billions of…
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Publications

Earnings Outlook Q4 2019

How should minimum wage policy respond to the current economic crisis?

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Usually in the Earnings Outlook we summarise the latest developments in pay and employment and use these to look forwards, with the trends moving slowly enough that the lag in…
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Comment

Unprecedented support for employees’ wages last week has been followed up by equally significant, and even more generous, support for the self-employed. But gaps remain

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Yesterday, the Chancellor announced that last week’s pledge to underwrite 80 per cent of the wages of employees without work to do during this crisis is being matched with significant…
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Comment

New data shows households were struggling even before coronavirus

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Today we got the best data yet on the state of Britain’s household finances going into the present crisis, and – given that the impact of this shutdown and recession will be unequally felt – it was important…
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Publications

Helicopters on standby?

With rates at all-time lows, the Bank of England needs a different playbook for this crisis

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With a big recession on the way, the Bank of England’s Monetary Policy Committee would normally be unveiling measures to support the economy today, and this piece would be discussing…
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