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.

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.

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.

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This page is no longer updated. It has been superseded by the Business insights and impacts on the UK economy dataset page (see link in Notices).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

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.

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.

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.

• 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.

In March 2020, it was found that 33 percent of Brits think the government's response to the coronavirus (COVID-19) outbreak has been too focused on protecting the country's economy in comparison to people's health. On the other hand, 16 percent feel the government is giving too much emphasis to protecting people's health over the economy, but 42 percent believe the government has got the balance about right. For further information about the coronavirus pandemic, please visit our dedicated Facts and Figures page.

The gross domestic product of the United Kingdom in 2024 was around 2.78 trillion British pounds, an increase when compared to the previous year, when UK GDP amounted to about 2.75 trillion pounds. The significant drop in GDP visible in 2020 was due to the COVID-19 pandemic, with the smaller declines in 2008 and 2009 because of the global financial crisis of the late 2000s. Low growth problem in the UK Despite growing by 0.9 percent in 2024, and 0.4 percent in 2023 the UK economy is not that much larger than it was before the COVID-19 pandemic. Since recovering from a huge fall in GDP in the second quarter of 2020, the UK economy has alternated between periods of contraction and low growth, with the UK even in a recession at the end of 2023. While economic growth picked up somewhat in 2024, GDP per capita is lower than it was in 2022, following two years of negative growth. UK's global share of GDP falling As of 2024, the UK had the sixth-largest economy in the world, behind the United States, China, Japan, Germany, and India. Among European nations, this meant that the UK currently has the second-largest economy in Europe, although the economy of France, Europe's third-largest economy, is of a similar size. The UK's global economic ranking will likely fall in the coming years, however, with the UK's share of global GDP expected to fall from 2.16 percent in 2025 to 2.02 percent by 2029.  

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.

The United States has had the highest economic growth in the G7 since the start of the COVID-19 pandemic, with its economy *** percent larger in the first quarter of 2023, when compared with the fourth quarter of 2019. By contrast, the United Kingdom and Germany have both seen their economies shrink by *** percent in the same time period.

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.