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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

Easing does it

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Economic policy beyond the lockdown

Having weathered the first wave of the coronavirus economic storm, the task now facing the country is how to reopen, revive, and rebuild our economy while the virus remains with us. The Government needs to act as quickly, boldly, and creatively in the recovery phase of the outbreak as it did in the initial rescue phase. Delay or relying on traditional policy levers not tailored to the nature of this crisis risks a widespread failure of firms and a return to persistently high unemployment; either would lead to long-term scarring to our productive potential. In this report we go further...

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

The Government is not paying nine million people’s wages

The number of people currently furloughed is less than half this amount

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From today, employers will start contributing towards the wage costs of furloughed employees. This significant first step in the phasing-out of the Coronavirus Job Retention Scheme (JRS) carries real risks…
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Publications

The truth will out

Understanding labour market statistics during the coronavirus crisis

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Labour market statistics matter. In normal times, they offer a snapshot on how household living standards are faring, and in recessions they also provide a key measure of how serious…
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Publications

Earnings Outlook Q1 2020

What we know about how employee earnings have fared in the current crisis

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Since we last produced an Earnings Outlook (at the end of March) some things have become clearer. The scale of the impact of the current crisis is as big as…
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Events

Covid-compressed incomes?

The past, present and future of crisis-hit living standards

Live interactive webinar. Register to receive access link The coronavirus public health crisis has prompted the biggest economic downturn in a century, the sharpest rise in benefit claims since records…
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Publications

Act now, or pay later

The OBR’s Fiscal Sustainability Report makes clear the implications of a crisis-driven rise in unemployment for the public finances

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The OBR’s latest Fiscal Sustainability Report confirms its view that the current crisis could lead to the largest economic contraction in 300 years precipitating a return of unemployment levels not…
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Comment

Sunak’s crisis-fighting measures: time to scale up?

The Chancellor’s policy announcements are generating wide discussion but are the sums commensurate with the depth of the downturn?

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This week the Chancellor Rishi Sunak unveiled his “Summer Economic Update.” In case it’s not clear, this wasn’t technically a Budget. That said, it still contained more policy than all…
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Publications

Time with the kids

How parents’ time use has changed during the pandemic

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Many aspects of people’s time use have been turned upside down by the coronavirus lockdown. Some restrictions are now being unwound, but others, like limits on the availability of professional…
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