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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.
The Chancellor has introduced workable and generous income protection schemes for most employees and self-employed people that lose work as a result of coronavirus. But there are some groups who have seen no increase in protection.
Children playing
What role could pre-school childcare play in supporting key workers?
The Debt Management Office yesterday announced that from next Monday it would be conducting additional gilt auctions in order to raise a total of £45 billion this month.
By the time the coronavirus lockdown ends, the government's choices "will be utterly different" to when it took office, writes Paul Johnson.

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We describe how the impact of Covid-19 has varied across industries using data on share prices of firms listed on the London Stock Exchange, and how well targeted government support for workers and companies is in light of this.
The self-employed are more exposed to the large falls in demand resulting from social distancing measures during the coronavirus pandemic and more likely to be living in poverty than employees.
This report sets out how living standards, income inequality and poverty have changed over recent years.
The covid-19 pandemic is of course first and foremost a public health crisis, but its fiscal consequences will continue to make themselves felt for years – and more likely decades – to come.
Today (26 March 2020) the Chancellor announced new, very generous support for the self-employed. Those who earn the majority of their income from self-employment and who had average profits of no more than £50,000 over the last three years will be eligible for a taxable grant equal to 80% of the average profits they reported across the three years from April 2016 to April 2019, up to a cap of £2,500, if they report that their income has been negatively impacted as a result of coronavirus.
The funding arrangements for the devolved governments in Scotland, Wales and Northern Ireland do not look well designed to deal with the coronavirus crisis.