Covid-19 and Brexit: Real-time updates on business performance in the United Kingdom

Josh De Lyon and Swati Dhingra

CEP Covid-19 Analyses from Centre for Economic Performance, LSE

Abstract: Nearly four months have passed since the UK went into lockdown to restrict the spread of Covid-19. The health effects have been severe, and an inevitable consequence of the lockdown was a huge 20 per cent decline in GDP in April - the worst recession in more than three centuries. Government spending on economic policies has also been unprecedentedly large, with £193 billion of additional spending committed. Alongside dealing with the largest economic downturn in recent history, the UK is also negotiating its exit from the European Union - its largest trading partner. It has turned down an extension to the transition period and will leave the EU at the end of 2020. Brexit will have a profound impact on the UK economy.

Keywords: Brexit; economic downturn; business performance; CBI; UK; Covid-19 (search for similar items in EconPapers)
Date: 2020-07-29
New Economics Papers: this item is included in nep-hea
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Persistent link: https://EconPapers.repec.org/RePEc:cep:cepcvd:cepcovid-19-006

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