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Press release
Elaine Drayton and Ben Waltmann
The COVID-19 pandemic poses a significant financial threat to the UK higher education sector. IFS researchers estimate losses could fall between £3 billion and £19 billion, or between 7.5% and nearly half of the sector’s overall income in one year.
Press release
There is growing evidence that the lockdown has had particularly negative impacts on young people’s labour market outcomes.
Press release
Coronavirus is hitting household incomes hard. We estimate that median (middle) household earnings were 9% lower in May than we would have expected pre-crisis. Income (including benefits) was 8% lower, and the number of jobs was 4% lower.
Press release
The government needs to carefully consider whether and how to stimulate the economy after the coronavirus crisis.
Press release
The coronavirus crisis hit after several years of poor income growth. Median household income did not grow at all between 2016−17 and 2018−19, and low-income households were no better off in 2018−19 than 5 years earlier.
Press release
Kate Ogden and David Phillips
The government has given £3.2 billion extra to English councils to help them through the coronavirus crisis. This will boost their budgets by just over 5% on average. But councils have warned £6 billion more may be needed.
Press release
Carl Emmerson, Benjamin Nabarro and Isabel Stockton
As long as the government can continue to borrow very cheaply, what really matters for the public finances is not the size of the temporary spike in borrowing that is inevitable during the current lockdown, but rather the extent to which current weakness in the economy persists in subsequent years.
Press release
COVID-19 means the geography of vulnerabilities in England has shifted away from traditional North–South or urban–rural divides. Policymakers at different levels will need to coordinate their response.
Press release
Kate Ogden and David Phillips
Grants and business rates reliefs for the retail, hospitality and leisure sectors are providing unprecedented support. But the scheme's design means a £1 difference in the value of property can mean a £24,300 difference in the support a business gets.
Press release
Grocery prices rose by 2.4% in a month at the beginning of the coronavirus lockdown, fuelled by a fall in promotions.