As of November 2021 the overall cost of the United Kingdom's job retention scheme was 70 billion British pounds. The number of jobs furloughed on the scheme has been steadily declining since May 2020, with around 2.4 million jobs still in furlough by the end of October 2020.

This page is no longer updated. It has been superseded by the Business insights and impacts on the UK economy dataset page (see link in Notices). It contains comprehensive weighted datasets for Wave 7 onwards. All future BICS datasets will be available there. The datasets on this page include mainly unweighted responses from the voluntary fortnightly business survey, which captures businesses’ responses on how their turnover, workforce prices, trade and business resilience have been affected in the two-week reference period, up to Wave 17.

Due to the coronavirus (COVID-19) pandemic, the cruise industry in the United Kingdom had to suspend its operations in March 2020. It was expected that the economic loss in direct expenditures would amount to 539 million British pounds within 60 days of the suspension, and 888 million British pounds after 90 days.

This briefing presents evidence on the socio-economic impact of COVID-19 on London and Londoners​ Topics included in the briefing focus on recent data releases published in the preceding months that tell us how social policy issues are evolving in London since the start of the COVID-19 pandemic For more on the health and demographic impacts see the Demographic Impact Briefing and for labour market impacts see Labour Market Analysis. A page linking to all Covid-19 related data and analyses can be found here.

The indicators and analysis presented in this bulletin are based on responses from the new voluntary fortnightly business survey, which captures businesses responses on how their turnover, workforce prices, trade and business resilience have been affected in the two week reference period. These data relate to the period 6 April 2020 to 19 April 2020.

An October 2021 report examined the number of job losses in the out-of-home leisure economy due to the coronavirus (COVID-19) pandemic in the United Kingdom in 2020. According to the study's estimates, the food-led subsector suffered the most from within the out-of-home leisure industry, having lost roughly *** thousand jobs in the first year of the pandemic.

This is a summary report on the economic impact of COVID-19 on London’s small and medium enterprises (SMEs). It presents a uniquely granular and timely analysis of the impacts on London’s SMEs by sectoral, financial, employment, and risk indicators and includes deep dive case studies on the economic impact on the Night Time Economy, high streets and town centres, and the Culture and Creative industries. The analysis was undertaken on a pro bono basis by Bloomberg Associates, for and in close collaboration with the GLA providing guidance and direction. Partners supporting Bloomberg Associates included Slalom, Burning Glass Technologies, DueDil and CK Delta. It leverages a combination of public and private data from a range of financial, economic, behavioural, sociographic and demographic sources and complements the macro-economic scenarios for the London economy. The study was conducted between March 2020 and June 2020 and leverages the most updated data that was available at the time. It is important to note that new data and evidence constantly emerges and could be integrated in a potential future iteration of this work. The report has sought to: Illustrate the impact of the pandemic on London’s SMEs and local employment and improve understanding of the scale and scope of the economic challenges that London faces in recovery. Demonstrate the application of “bottom-up” and localised data to create a more complete, granular picture of overall economic impact Show the intersection of impact by sectors and geographies, exploring the relationship between these two factors to demonstrate the risk hot spots across Greater London. If you have any comments or questions related to the report, please email GLA Economics

In 2020, global gross domestic product declined by 6.7 percent as a result of the coronavirus (COVID-19) pandemic outbreak. In Latin America, overall GDP loss amounted to 8.5 percent.

This paper summarises the latest evidence and analysis on the impacts of COVID-19 on London’s economy so far and on the economic outlook so that key actors and stakeholders engaged in responding to the pandemic can have a readily available evidence base to inform policy responses.

An October 2021 report explored the impact of the coronavirus (COVID-19) pandemic on the cultural out-of-home industry in the United Kingdom between 2020 and the first half of 2021. The study showed that the night time economy suffered the most as a result of the pandemic, having experienced revenue losses of roughly ** billion British pounds between March 2020 and June 2021. Meanwhile, the daytime economy lost approximately ** billion British pounds in the same period. Overall, the cultural out-of-home industry lost over *** billion British pounds across all sectors.

Weekly estimates of personal well-being including anxiety and life satisfaction, and financial and work impacts from coronavirus (COVID-19) for the population and select sub-groups in Great Britain.

The economic landscape of the United Kingdom has been significantly shaped by the intertwined issues of Brexit, COVID-19, and their interconnected impacts. Despite the country’s robust and diverse economy, the disruptions caused by Brexit and the COVID-19 pandemic have created uncertainty and upheaval for both businesses and individuals. Recognizing the magnitude of these challenges, academic literature has directed its attention toward conducting immediate research in this crucial area. This study sets out to investigate key economic factors that have influenced various sectors of the UK economy and have broader economic implications within the context of Brexit and COVID-19. The factors under scrutiny include the unemployment rate, GDP index, earnings, and trade. To accomplish this, a range of data analysis tools and techniques were employed, including the Box-Jenkins method, neural network modeling, Google Trend analysis, and Twitter-sentiment analysis. The analysis encompassed different periods: pre-Brexit (2011-2016), Brexit (2016-2020), the COVID-19 period, and post-Brexit (2020-2021). The findings of the analysis offer intriguing insights spanning the past decade. For instance, the unemployment rate displayed a downward trend until 2020 but experienced a spike in 2021, persisting for a six-month period. Meanwhile, total earnings per week exhibited a gradual increase over time, and the GDP index demonstrated an upward trajectory until 2020 but declined during the COVID-19 period. Notably, trade experienced the most significant decline following both Brexit and the COVID-19 pandemic. Furthermore, the impact of these events exhibited variations across the UK’s four regions and twelve industries. Wales and Northern Ireland emerged as the regions most affected by Brexit and COVID-19, with industries such as accommodation, construction, and wholesale trade particularly impacted in terms of earnings and employment levels. Conversely, industries such as finance, science, and health demonstrated an increased contribution to the UK’s total GDP in the post-Brexit period, indicating some positive outcomes. It is worth highlighting that the impact of these economic factors was more pronounced on men than on women. Among all the variables analyzed, trade suffered the most severe consequences in the UK. By early 2021, the macroeconomic situation in the country was characterized by a simple dynamic: economic demand rebounded at a faster pace than supply, leading to shortages, bottlenecks, and inflation. The findings of this research carry significant value for the UK government and businesses, empowering them to adapt and innovate based on forecasts to navigate the challenges posed by Brexit and COVID-19. By doing so, they can promote long-term economic growth and effectively address the disruptions caused by these interrelated issues.

From April 2020 participants from our main Understanding Society sample have been asked to complete a short web-survey. This survey covers the changing impact of the pandemic on the welfare of UK individuals, families and wider communities. Participants complete a regular survey, which includes core content designed to track changes, alongside variable content adapted as the coronavirus situation develops. Researchers will be able to link the data from this web survey to answers respondents have given in previous (and future) waves of the annual Understanding Society survey.

In the short term, the impact of COVID-19 on consumer financial services will be analogous to the global financial crisis of 2008-09, creating a period of economic paralysis and leaving a massive hole in banks’ balance sheets. Read More

These documents were produced through a collaboration between GLA, PHE London and Association of Directors of Public Health London. The wider impacts slide set pulls together a series of rapid evidence reviews and consultation conversations with key London stakeholders. The evidence reviews and stakeholder consultations were undertaken to explore the wider impacts of the pandemic on Londoners and the considerations for recovery within the context of improving population health outcomes. The information presented in the wider impact slides represents the emerging evidence available at the time of conducting the work (May-August 2020). The resource is not routinely updated and therefore further evidence reviews to identify more recent research and evidence should be considered alongside this resource. It is useful to look at this in conjunction with the ‘People and places in London most vulnerable to COVID-19 and its social and economic consequences’ report commissioned as part of this work programme and produced by the New Policy Institute. Additional work was also undertaken on the housing issues and priorities during COVID. A short report and examples of good practice are provided here. These reports are intended as a resource to support stakeholders in planning during the transition and recovery phase. However, they are also relevant to policy and decision-making as part of the ongoing response. The GLA have also commissioned the University of Manchester to undertake a rapid evidence review on inequalities in relation to COVID-19 and their effects on London.

United Kingdom % of Adults: Worried About The Effect of CO-19 on Their Current Life data was reported at 14.000 % in 05 Feb 2023. This records a decrease from the previous number of 19.000 % for 08 Jan 2023. United Kingdom % of Adults: Worried About The Effect of CO-19 on Their Current Life data is updated weekly, averaging 59.500 % from Mar 2020 (Median) to 05 Feb 2023, with 104 observations. The data reached an all-time high of 86.000 % in 29 Mar 2020 and a record low of 14.000 % in 05 Feb 2023. United Kingdom % of Adults: Worried About The Effect of CO-19 on Their Current Life data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.H091: Opinions and Lifestyle Survey: Social Impacts of COVID-19 on Great Britain (Discontinued). The series shows the percentage of adults who are very or somewhat worried about the effect of COVID-19 on their life right now. [COVID-19-IMPACT]

Calderdale COVID Impact Assessment has been produced as evidence for the development and delivery for the Calderdale Inclusive Economic Recovery Plan and sets out a focus on economic recovery, but also considers the wider impacts of COVID-19 on Calderdale and its communities. Also see Inclusive Recovery and COVID Impact Assessment for more information and a range of related reports and datasets.

This dataset pertains to a research project investigating the social, cultural, and economic consequences of COVID19 on independent arts workers, specifically in the theatre sector, across England, Scotland, Wales, and Northern Ireland. The project recognised the unique vulnerability of this workforce in dealing with the impact of COVID19. Their workplaces closed overnight and their sector transformed as theatres moved to digital delivery, and their employment status (freelance) made them ineligible for the UK government’s Coronavirus Job Retention Scheme. The motivation of the project was to understand: the employment experiences of this workforce during the first 18 months of the pandemic; how the pandemic affected their planning for the future; how the pandemic changed their creative practices and skills; what impact government and sectoral policy had on the workforce; and to find strategies for government and industry to support this precarious workforce.

This data collection includes survey responses (n=397) to an online survey which ran from 23/11/2020 to 19/03/2021, and a database of policy events covering the period from the onset of the pandemic until 27/5/2022 (n=1353). This collection contains the survey data. The survey was run through the JISC surveys platform. It had 34 questions collecting a mixture of qualitative and quantitative data. Freeform text responses were alternated with multiple choice, multi-option and Likert scale. The survey captured data on theatre freelancers employment, emotional, and cultural experiences, the region(s) and setting(s) where they worked, and their age, gender identity, race, occupation(s).COVID-19 threatens the performing arts; closures of theatres and outlawing of public gatherings have proven financially devastating to the industry across the United Kingdom and, indeed, the world. The pandemic has sparked a wide range of industry-led strategies designed to alleviate financial consequences and improve audience capture amidst social distancing. COVID-19 has affected all levels of the sector but poses an existential threat to freelancers--Independent Arts Workers (IAWs)--who make up 60% of industry workforce in the UK (EU Labour Force Survey 2017). The crisis has put a spotlight on the vulnerable working conditions, economic sustainability, mental wellbeing, and community support networks of IAWs. IAWs are often overlooked by the industry and researchers, however it is their very precarity that makes them pioneers of adaptability responsible for key innovation within the sector. IAWs may prove essential for the industry's regrowth post-COVID-19. An investigation is necessary into the impact of COVID-19 on IAWs and the wide-ranging creative solutions developing within the industry to overcome them.

There has been increasing pressure to gather 'robust, real-time data' to investigate the financial, cultural, and social potential long-term consequences of COVID-19 on the UK theatre industry. The impact of the pandemic on IAWs is particularly complex and wide-ranging. A TRG Arts survey stated that 60% of IAWs predict their income will 'more than halve in 2020' while 50% have had 100% of their work cancelled. Industry researchers from TRG Arts and Theatres Trust have launched investigations examining the financial impact of COVID-19 on commercial venues and National Portfolio Organisations, but there has been insufficient research into the consequences for IAWs (eg. actors, directors, producers, writers, theatre makers, technicians) and the smaller SMEs beyond income loss and project cancellation data. In May 2020, Vicky Featherstone of the Royal Court Theatre, stated the importance of support for the 'massive freelance and self-employed workforce' she believed has been 'taken for granted' by the industry. Our study fills this gap by capturing and analysing not only the economic impact, but the social and cultural transformations caused by COVID-19 by and for IAWs. We will compare regional responses across England, Wales, Northern Ireland and Scotland as well as variations across racial and socio-economic groups. Our aims are to document and investigate the impact of COVID-19 on IAWs, identify inequalities in the sector, investigate changes in the type of work produced post-COVID-19, and help develop strategies for how the sector can move forward from this crisis. We will investigate connections between the financial consequences of COVID-19 and creative strategies for industry survival including social support networks, communication initiatives between arts venues and IAWs, and the development of mixed-media work in the wake of the pandemic.

This review summarizes the economic impacts of the pandemic on ethnic minorities, focusing on the city of Manchester. It utilizes multiple reporting sources to explore various dimensions of the economic shock in the UK, linking this to studies of pre-COVID-19 economic and ethnic composition in Manchester and in the combined authority area of Greater Manchester. We then make inferences about the pandemic's short-term impact specific to the city region. Greater Manchester has seen some of the highest rates of COVID-19 and as a result faced particularly stringent “lockdown” regulations. Manchester is the sixth most deprived Local Authority in England, according to 2019 English Indices of Multiple Deprivation. As a consequence, many neighborhoods in the city were always going to be less resilient to the economic shock caused by the pandemic compared with other, less-deprived, areas. Particular challenges for Manchester include the high rates of poor health, low-paid work, low qualifications, poor housing conditions and overcrowding. Ethnic minority groups also faced disparities long before the onset of the pandemic. Within the UK, ethnic minorities were found to be most disadvantaged in terms of employment and housing–particularly in large urban areas containing traditional settlement areas for ethnic minorities. Further, all Black, Asian, and Minority ethnic (BAME) groups in Greater Manchester were less likely to be employed pre-pandemic compared with White people. For example, people of Pakistani and Bangladeshi ethnic backgrounds, especially women, have the lowest levels of employment in Greater Manchester. Finally, unprecedented cuts to public spending as a result of austerity have also disproportionately affected women of an ethnic minority background alongside disabled people, the young and those with no or low-level qualifications. This environment has created and sustained a multiplicative disadvantage for Manchester's ethnic minority residents through the course of the COVID-19 pandemic.