The economy of the United Kingdom is expected to fall by ** percent in the second quarter of 2020, following the Coronavirus outbreak and closure of several businesses. According to the forecast the economy will bounce back in the third quarter of 2020, based on a scenario where the lockdown lasts for three months, with social distancing gradually phased out over a subsequent three-month period.

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.

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This page is no longer updated. It has been superseded by the Business insights and impacts on the UK economy dataset page (see link in Notices).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.

Experimental results of the pilot Office for National Statistics (ONS) online time-use study (collected 28 March to 26 April 2020 across Great Britain) compared with the 2014 to 2015 UK time-use study.

United Kingdom recorded 24603076 Coronavirus Cases since the epidemic began, according to the World Health Organization (WHO). In addition, United Kingdom reported 225324 Coronavirus Deaths. This dataset includes a chart with historical data for the United Kingdom Coronavirus Cases.

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.

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 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 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.

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.

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.

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.

This dataset illustrates uptake inequalities of fourth doses of the coronavirus (COVID-19) vaccine using 2021 Census-derived demographic and socio-economic characteristics: age. sex, ethnicity, religion, socio-economic status and self-reported disability and health status.

Vaccination data are produced using linked data from Deaths registrations and Census 2021, National Immunisation Management Service, Hospital Episode Statistics and General Practise Extraction Service data for Pandemic Planning and Research.

Data may differ from weekly administrative vaccination data published by NHS England.

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

The main aim of this work is to develop a set of high level macro economic scenarios for the medium-term (to the end of 2022) and for the long-term (to 2030) in order to inform the development of recovery strategies in London, reflecting unprecedented uncertainty on the economic outlook.

The primary scenario dimensions include Effectiveness/nature of public health response and Effectiveness/impact of economic support measures. Other scenario dimensions include: Brexit and migration; International economic context; Technology and innovation; Financial climate; Political economy; Economic Geography and GHG emissions.

This is an agile project - GLA Economics will continue to track actual data in order to review the assessment of the likelihood of alternative scenario outcomes. Successive updates will be released when they become available for the benefit of external stakeholders in tackling the COVID-19 crisis.

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]

In 2024, the gross domestic product (GDP) of the United Kingdom grew by 0.9 percent and is expected to grow by just one percent in 2025 and by 1.9 percent in 2026. Growth is expected to slow down to 1.8 percent in 2027, and then grow by 1.7, and 1.8 percent in 2027 and 2028 respectively. The sudden emergence of COVID-19 in 2020 and subsequent closure of large parts of the economy were the cause of the huge 9.4 percent contraction in 2020, with the economy recovering somewhat in 2021, when the economy grew by 7.6 percent. UK growth downgraded in 2025 Although the economy is still expected to grow in 2025, the one percent growth anticipated in this forecast has been halved from two percent in October 2024. Increased geopolitical uncertainty as well as the impact of American tariffs on the global economy are some of the main reasons for this mark down. The UK's inflation rate for 2025 has also been revised, with an annual rate of 3.2 percent predicated, up from 2.6 percent in the last forecast. Unemployment is also anticipated to be higher than initially thought, with the annual unemployment rate likely to be 4.5 percent instead of 4.1 percent. Long-term growth problems In the last two quarters of 2023, the UK economy shrank by 0.1 percent in Q3 and by 0.3 percent in Q4, plunging the UK into recession for the first time since the COVID-19 pandemic. Even before that last recession, however, the UK economy has been struggling with weak growth. Although growth since the pandemic has been noticeably sluggish, there has been a clear long-term trend of declining growth rates. The economy has consistently been seen as one of the most important issues to people in Britain, ahead of health, immigration and the environment. Achieving strong levels of economic growth is one of the main aims of the Labour government elected in 2024, although after almost one year in power it has so far proven elusive.