Tax receipts were pummelled due to lower economic activity associated with the COVID pandemic. This chart highlights the development of notable duties that together help to highlight the effect of the pandemic on government income. Use the interactive chart to focus on specific duties.
Chart of the Week
All the indicators point toward a sweet and sour year for start-ups. While UK tech startups raised €5.3 billion in venture capital funding between January and May 2020, similar to in 2019, the optimism appears to be subsiding in the second half of the year.
Chart of the Week
According to the Bank of England, the availability of mortgages declined dramatically in the three months ending May 2020 – implying a bigger credit squeeze than in the worst three-month period of the global financial crisis.
May 2020
Since April we have seen politicians around the world trying to roll back on the panic created by the Corona Virus. The machinery of government and its institutions, particularly areas involved in health, led by the World Health Organisation, embraced the idea of pandemic and effectively shut down the world’s economy.
COVID 19 and Universities
Much as other industries including retail, aviation and automotive are making their case to the government for support following the pandemic, Universities UK has similarly petitioned government for a Coronavirus rescue package…
Exiting the Lockdown: The Range of Impact on GVA by Sector
It is imperative that the public are informed in a cogent, digestible and evidence-based manner on how best to limit new infections as the economy begins to get back on track. In the absence of clear, authoritative information that