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Coronavirus and the economy

Our goal at the Institute for Fiscal Studies is to promote effective economic and social policies by better understanding how policies affect individuals, families, businesses and the government's finances.
Graphs on a computer screen
This morning, the ONS published its monthly public finance release for April, giving us an initial snapshot of the public finances under lockdown.
We use live recruitment data to give a detailed and up to date picture of the current state of labour demand across the UK economy, as it emerges from lockdown. It shows that new job vacancies have collapsed almost everywhere, with some tentative recovery driven by health and social care.
Escalators
The most comprehensive scientific analysis of inequalities yet attempted. Chaired by Nobel Laureate Professor Sir Angus Deaton and funded by the Nuffield Foundation.
IFS research on how to get people back into work after exiting the lockdown has been published in the new CEPR journal, Covid Economics.

Events

Upcoming event
Date 27 May 2020 | 09:30 - 10:30
Location Online only
Availablity Places available
Lockdown has presented huge unique challenges to families. Mothers and fathers are having to juggle work with childcare, home-schooling and housework. At this event, IFS researchers will present their recent findings on how families are managing day to day to balance old and new demands on their time, as well as whether and how this differs by socio-economic status and gender.

Older articles

In this report, we present initial evidence on how children are spending their time during the lockdown, with a focus on home learning activities and the home learning resources available in different families.
Every week, researchers at the IFS will join Director Paul Johnson to take a look at some of the key questions thrown up by the coronavirus pandemic and assess its impact on the UK economy.
This report looks at normal (pre-lockdown) commuting patterns, what they tell us about who would be affected by continued social distancing on public transport, and what they tell us about how policy can ease public transport congestion in a world of continued social distancing.
On Tuesday (12 May 2020) the Chancellor, Rishi Sunak, announced an extension to the Coronavirus Job Retention Scheme, which covers 80% of employees’ usual salaries, up to a cap of £2,500 a month, while they are furloughed.
Today, the OBR published updated costings of the UK’s substantial package of fiscal measures in response to the coronavirus putting the amount of support at £123 billion. But despite the unprecedented size of the UK’s intervention, IMF estimates suggest that the response in other G7 economies has typically been larger.
The Bank of England has forecast that this year would see the deepest recession in British history. It's astonishing to say it, writes Paul Johnson, but in doing so it was being very, very optimistic.